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8 Mar 2013
Forex: EUR/USD back above 1.3000
The bloc currency is trading back above the psychological mark of 1.3000 as we head towards the last part of the NA session on Friday, after the NFP results dragged the cross more than one big figure to fresh 2013 lows in the proximities of 1.2950
A second-tier euro docket lies ahead on Monday, as Germany would release its trade balance results, followed by a measure of the French Industrial Production ahead of Italian, Greek and Portuguese GDP figures during the last three months of 2012
At the moment, the cross is down 0.72% at 1.3011 and a breach of 1.2956 (low Mar.8) would open the door to 1.2929 (low Dec.11) and then 1.2881 (low Dec.10).
On the flip side, resistance levels align at 1.3055 (MA200h) en route to 1.3135 (high Mar.8) and finally 1.3163 (high Feb.28).
A second-tier euro docket lies ahead on Monday, as Germany would release its trade balance results, followed by a measure of the French Industrial Production ahead of Italian, Greek and Portuguese GDP figures during the last three months of 2012
At the moment, the cross is down 0.72% at 1.3011 and a breach of 1.2956 (low Mar.8) would open the door to 1.2929 (low Dec.11) and then 1.2881 (low Dec.10).
On the flip side, resistance levels align at 1.3055 (MA200h) en route to 1.3135 (high Mar.8) and finally 1.3163 (high Feb.28).