Back
3 Apr 2013
Forex: EUR/USD regains 1.2800
FXstreet.com (Barcelona) - The bloc currency is trading back above the key resistance of 1.2800 on Wednesday, after dipping to the boundaries of 1.2790 overnight.
The sentiment surrounding the euro remains depressed, after mixed data from euro zone manufacturing PMI prints and record high jobless rate in the bloc.
Very light docket in the euro area, as the preliminary EMU inflation figures are due only. Consensus expects consumer prices to post an annual expansion of 1.7% in March.
As of writing, the cross is losing 0.10% at 1.2806 with the next support at 1.2751 (low Mar.27) ahead of 1.2730 (low Nov.19) and finally 1.2680 (61.8% of 1.2042-1.3711).
On the flip side, a break above 1.2886 (MA200d) would expose 1.2890 (high Mar.26) and finally 1.2943 (MA21d).
The sentiment surrounding the euro remains depressed, after mixed data from euro zone manufacturing PMI prints and record high jobless rate in the bloc.
Very light docket in the euro area, as the preliminary EMU inflation figures are due only. Consensus expects consumer prices to post an annual expansion of 1.7% in March.
As of writing, the cross is losing 0.10% at 1.2806 with the next support at 1.2751 (low Mar.27) ahead of 1.2730 (low Nov.19) and finally 1.2680 (61.8% of 1.2042-1.3711).
On the flip side, a break above 1.2886 (MA200d) would expose 1.2890 (high Mar.26) and finally 1.2943 (MA21d).