Forex: EUR/USD eyes 1.3100 on Chinese data

FXstreet.com (Barcelona) - Better risk-on tone after the Chinese trade data is lifting the sentiment around the single currency on Wednesday, pushing the cross to the current region of 1.3090/95 ahead of the German Industrial Production due later. Prior surveys expect the headline to contract 0.1% on a monthly basis and 3.8% over the last twelve months.

As of writing, the cross is up 0.12% at 1.3095 facing the next resistance at 1.3141 (high May 6) ahead of 1.3160 (high May 3) and then 1.3220 (high May 2).
On the flip side, a dip beyond 1.3068 (low May 7) would aim for 1.3053 (low May 6) and finally 1.3033 (low May 3).