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18 Apr 2013
Forex: EUR/USD around 1.3065/70 after US data
FXstreet.com (Barcelona) - The bloc currency advanced some pips to the area of 1.3065/70 after the marginal change in the weekly report on the US labour market. The report showed that Initial Claims rose a tad to 352K in the week ending on April 13, missing the median at 350K and above the previous week’s 348K (revised).
Next on tap in the US docket will be the Philly Fed manufacturing Survey, as well as speeches by Fed’s Kocherlakota, Lacker and FOMC’s Raskin.
At the moment, the pair is up 0.29% at 1.3069 with the next resistance at 1.3108 (MA55d) followed by 1.3202 (high Apr.16) and then 1.3229 (50% of Feb-Apr slide).
On the flip side, a violation of 1.3001 (low Apr.17) would open the door to 1.2963 (low Apr.8) en route to 1.2959 (MA21d).
Next on tap in the US docket will be the Philly Fed manufacturing Survey, as well as speeches by Fed’s Kocherlakota, Lacker and FOMC’s Raskin.
At the moment, the pair is up 0.29% at 1.3069 with the next resistance at 1.3108 (MA55d) followed by 1.3202 (high Apr.16) and then 1.3229 (50% of Feb-Apr slide).
On the flip side, a violation of 1.3001 (low Apr.17) would open the door to 1.2963 (low Apr.8) en route to 1.2959 (MA21d).