Forex: EUR/USD indifferent after EMU, Italy data

The shared currency kept the apathy after the Business Confidence in Italy improved to 88.5 for the month of February from 88.3 and 88.2 expected. Further releases in the euro are showed that Private Loans contracted 0.9% on a yearly basis, missing expectations at -0.6% while the M3 Money Supply rose 3.5% in a year to January.

Ahead in the day, market participant are eagerly waiting for the Italian auction of 5-year and 10-year bonds.

At the moment, the cross is up 0.09% at 1.3073 and a break above of 1.3125 (MA100d) would bring 1.3319 (high Feb.25) and then 1.3371 (MA21d).
On the flipside, a breakdown of 1.3019 (low Feb.26) would aim for 1.2998 (low Jan.4) and finally 1.2996 (low Dec.12).