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21 Feb 2013
Forex: EUR/USD in 6-week lows around 1.3255/60
The bloc currency is attempting a rebound after hitting levels last seen in early January in the proximities of 1.3230/35
Overnight trading extended the bearishness triggered after the unexpected dovish tone from the FOMC minutes on Wednesday.
Next on tap would be a batch of preliminary manufacturing/services PMI readings in the euro zone, ahead of a 10-year bond auction in Spain.
As of writing, the cross is down 0.15% at 1.3262 facing the next support at 1.3143 (MA100d) followed by 1.2998 (low Jan.4).
On the flip side, a breakout of 1.3450 (MA21d) would expose 1.3456 (high Feb.14).
Overnight trading extended the bearishness triggered after the unexpected dovish tone from the FOMC minutes on Wednesday.
Next on tap would be a batch of preliminary manufacturing/services PMI readings in the euro zone, ahead of a 10-year bond auction in Spain.
As of writing, the cross is down 0.15% at 1.3262 facing the next support at 1.3143 (MA100d) followed by 1.2998 (low Jan.4).
On the flip side, a breakout of 1.3450 (MA21d) would expose 1.3456 (high Feb.14).