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18 Apr 2013
Forex: EUR/USD keeps the positive around 1.3060
FXstreet.com (Barcelona) - The single currency attempted a rebound after the German Parliament has approved the aid package for Cyprus. Further strength came alongside the pretty decent Spanish auction. The upside however proved to be short-lived as it faltered in the vicinity of 1.3070/75.
Next on tap will be the weekly report on the US labour market, with consensus expecting Initial Claims to rise to 350K in the week ended on April 13th.
EUR/USD is now up 0.23% at 1.3062 facing the next hurdle at 1.3068 (MA10d) followed by 1.3108 (MA55d) and finally 1.3202 (high Apr.16).
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 will be the weekly report on the US labour market, with consensus expecting Initial Claims to rise to 350K in the week ended on April 13th.
EUR/USD is now up 0.23% at 1.3062 facing the next hurdle at 1.3068 (MA10d) followed by 1.3108 (MA55d) and finally 1.3202 (high Apr.16).
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).