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5 Apr 2013
Forex: EUR/USD flat-lined at 1.2915/20
FXstreet.com (Barcelona) - The single currency keeps the negative tone on Friday, although trading above the key 1.2900 handle ahead of the US Payrolls. Market consensus expects the US economy to add 200K jobs in March vs. 236K in the previous month.
Recall that after printing fresh 2013 lows around 1.2740 on dovish ECB statement, sudden buying interest propelled the cross to the boundaries of 1.2950 on Thursday.
As of writing, the pair is losing 0.10% at 1.2921 with the next support at 1.2730 (low Nov.19) ahead of 1.2680 (61.85 of 1.2042-13711) and then 1.2662 (low Nov.13)
On the flip side, a breakout of 1.3050 (high Mar.25) would aim for 1.3134 (high Mar.8).
Recall that after printing fresh 2013 lows around 1.2740 on dovish ECB statement, sudden buying interest propelled the cross to the boundaries of 1.2950 on Thursday.
As of writing, the pair is losing 0.10% at 1.2921 with the next support at 1.2730 (low Nov.19) ahead of 1.2680 (61.85 of 1.2042-13711) and then 1.2662 (low Nov.13)
On the flip side, a breakout of 1.3050 (high Mar.25) would aim for 1.3134 (high Mar.8).