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15 Mar 2013
Forex: EUR/USD well supported by 1.3000
The single currency is stabilizing above the key level of 1.3000 on Friday, keeping alive yesterday’s rally post-jobs data in the US.
Next on tap in the euro area will be the inflation figures for the month of February in the euro area, expected to rise 1.8% on a yearly basis, down from 2.0% previous.
At the moment, the cross is up 0.16% at 1.3024 with the next resistance at 1.3075 (high Mar.12) ahead of 1.3124 (MA21d) and then 1.3127 (MA100d).
On the downside, a breach of 1.2910 (76.4% of Nov-Feb rise) would expose 1.2881 (low Dec.10) and finally 1.2878 (low Dec.7).
Next on tap in the euro area will be the inflation figures for the month of February in the euro area, expected to rise 1.8% on a yearly basis, down from 2.0% previous.
At the moment, the cross is up 0.16% at 1.3024 with the next resistance at 1.3075 (high Mar.12) ahead of 1.3124 (MA21d) and then 1.3127 (MA100d).
On the downside, a breach of 1.2910 (76.4% of Nov-Feb rise) would expose 1.2881 (low Dec.10) and finally 1.2878 (low Dec.7).