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11 Apr 2013
Forex: EUR/USD rejected at 1.3140
FXstreet.com (Barcelona) - The single currency continues its march north on Thursday, bolstered by the wave of risk appetite prevailing in the global markets.
Next on tap will be the Import/Export Prices in the US economy, alongside the weekly report on the labour market. Prior surveys expect the Initial Claims to drop to 365K in the week ended on April 6 vs. 385k in the previous reading.
At the moment, the cross is gaining 0.46% at 1.3131 with the next resistance at 1.3146 (MA55d) followed by 1.3148 (MA100d) and then 12.3163 (high Feb.28).
On the downside, a breach of 1.3044 (hourly lows Apr.11) would expose 1.3006 (low Apr.9) and finally 1.2963 (low Apr.8).
Next on tap will be the Import/Export Prices in the US economy, alongside the weekly report on the labour market. Prior surveys expect the Initial Claims to drop to 365K in the week ended on April 6 vs. 385k in the previous reading.
At the moment, the cross is gaining 0.46% at 1.3131 with the next resistance at 1.3146 (MA55d) followed by 1.3148 (MA100d) and then 12.3163 (high Feb.28).
On the downside, a breach of 1.3044 (hourly lows Apr.11) would expose 1.3006 (low Apr.9) and finally 1.2963 (low Apr.8).