Back
14 Mar 2013
Forex: EUR/USD hovering over 1.3000/10
The bloc currency is retreating from intraday highs in the vicinity of 1.3030 to the boundaries of the key limestone of 1.3000 on Thursday, as the risk rally post-jobs data seems to be taking a breather.
Moving forward to Friday’s docket, the only data in the euro zone will be the inflation figures for the month of February, expected to rise 1.8% on a yearly basis and 0.4% MoM. Across the pond the US CPI and the preliminary Empire State Manufacturing index will be in the limelight.
At the moment, the cross is up 0.34% at 1.3005 facing 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).
Moving forward to Friday’s docket, the only data in the euro zone will be the inflation figures for the month of February, expected to rise 1.8% on a yearly basis and 0.4% MoM. Across the pond the US CPI and the preliminary Empire State Manufacturing index will be in the limelight.
At the moment, the cross is up 0.34% at 1.3005 facing 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).