Forex: EUR/USD below 1.3150 ahead of ECB

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Forex: EUR/USD below 1.3150 ahead of ECB

FITITOL--> FXstreet.com (Barcelona) - EUR/USD is currently at 1.3145 off session lows at 1.3137, coming lower from NY session highs 1.3167, in a relatively quiet Asia-Pacific session with Tokyo closed for holiday. Local open share markets trade in the red over all, with Shanghai index leading the way lower with some -1.85%.

The London session ahead shows a busy agenda though not because of many risk events but because of very key ones, including ECB interest rate statement at 11:45 GMT this time extraordinarily coming from Barcelona, followed by press conference at 12:30 GMT. Also at 09:00 GMT will come EU monthly PPI, but more importantly, two major bond auctions will take place along the European morning, from Spain and France at 08:30 and 08:50 GMT respectively.

For the downside, immediate support for EUR/USD shows at recent session lows 1.3135, followed by yesterday's lows 1.3120 and April 23 lows 1.3105, while for the upside closest resistance comes at April 27 lows 1.3157, followed by yesterday's NY session highs and April 25 lows 1.3167/72, and April 30 lows 1.3205.