FXstreet.com (Barcelona) - After dipping to the boundaries of the key limestone at 1.3000, buying interest is now lifting the cross to the area of 1.3035/40, as the risk aversion seems to be taking a breather.
Data wise, the Italian Industrial Output posted an annual contraction of 5.2% in March and fell 0.8% on a monthly basis, both prints coming in below estimates at -3.9% and -0.2%, respectively.
EUR/USD is now down 0.17% at 1.3019 and a breach of 1.3010 (low May 9) would open the door to 1.2992 (MA200d) and finally 1.2988 (low Apr.25). On the flip side, the first hurdle is located at 1.3075 (MA21d) ahead of 1.3100 (MA10d) and then 1.3194 (high May 8).