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21 Feb 2013
Forex: EUR/USD little changed after US CPI
The single currency stayed put after the US inflation figures during January, rising 1.6% over the last twelve months and matching estimates. The Core print rose 1.9%, bettering the median at 1.8%.
News from the labor market showed mixed results, with Initial Claims rising to 362K on a weekly basis and Continuing Claims falling to 3.137 million.
EUR/USD is losing 0.67% at 1.3194 and a drop beyond 1.3039 (low Jan.10) would open the door to 1.3018 (low Jan.7) and finally 1.2998 (low Jan.4).
On the upside, resistance barriers align at 1.3367 (MA10d) would bring 1.3440 (MA21d) and finally 1.3456 (high Feb.14).
News from the labor market showed mixed results, with Initial Claims rising to 362K on a weekly basis and Continuing Claims falling to 3.137 million.
EUR/USD is losing 0.67% at 1.3194 and a drop beyond 1.3039 (low Jan.10) would open the door to 1.3018 (low Jan.7) and finally 1.2998 (low Jan.4).
On the upside, resistance barriers align at 1.3367 (MA10d) would bring 1.3440 (MA21d) and finally 1.3456 (high Feb.14).