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Forex: EUR/USD below 1.3600, Sentix eyed

The bearishness surrounding the euro continues to accelerate on Monday, ahead of the investor confidence in the euro zone, gauged by the Sentix index. Market consensus expects the index to improve to -3.6 for the month of February from -7.0 previous.

After dipping to the proximity of 1.3590, the single currency is now trading back at 1.3600, losing 0.36% with the immediate support at 1.3574 (hourly low Feb.1) followed by 1.3542 (low Jan.31).
On the flip side, a break above 1.3815 (high Nov.14) would bring 1.3833 (61.8% of 2011-2012 decline).

Forex Flash: Good news continues with Chinese service sector recovery – Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that China’s service-sector is recovering and the trend of good news continues.
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Forex Flash: EUR/JPY with scope for 127.93 after consolidation - Commerzbank

The EUR/USD was seen soaring into 33 month highs above its interim target of the 123.00/33 (2011 high and 38.2% retracement of the move down from 2008). “This break has introduced scope to the next resistance at 127.93 the April 2010 high”, wrote analyst Karen Jones, allowing for some consolidation as the market attempts to absorb these sharp moves.
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