Forex: EUR/USD muted after French confidence

The sentiment surrounding the shared currency remained apathetic after the BoF Business Sentiment improved to 95 during January, beating estimates at 93 and prior reading at 94. The reading is the strongest since March 2012. In addition, the Bank of France foresees the GDP expanding 0.1% in the first quarter. More positive data in France highlights the narrower Government Budget, falling to €87.2 billion in December from €103.4 bilion.

EUR/USD is now flat at 1.3398 and a dip below 1.3371 (low Feb.7) would clear the way to 1.3349 (low Jan.25) and finally 1.3265 (low Jan.23).
On the flipside, resistance levels line up at 1.3462 (low Feb.5) ahead of 1.3515 (MA10d) and then 1.3577 (high Feb.7).