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19 Apr 2013
Forex: EUR/USD hovering over 1.3065/70
FXstreet.com (Barcelona) - The bloc currency remained indifferent after German Producer Prices came in below expectations, contracting 0.2% on a monthly basis and rising 0.4 over the last twelve months, vs. 0.0% and 0.7% forecasted, respectively.
The G20 meeting remains the main event ahead of the IMF gathering over the weekend, although there were no relevant announcements so far. In addition, Italian policymakers did not come to an agreement to appoint another President, let alone any other form of government so far. Events in Italy would extend over the weekend.
At the moment, the cross is up 0.13% at 13068 with the next resistance at 1.3202 (high Apr.16) followed by 1.3229 (50% of Feb.-Apr. slide) and finally 1.3319 (high Feb.25).
On the flip side, a breach of 1.3001 (low Apr.17) would expose 1.2963 (low Apr.8) en route to 1.2959 (MA21d).
The G20 meeting remains the main event ahead of the IMF gathering over the weekend, although there were no relevant announcements so far. In addition, Italian policymakers did not come to an agreement to appoint another President, let alone any other form of government so far. Events in Italy would extend over the weekend.
At the moment, the cross is up 0.13% at 13068 with the next resistance at 1.3202 (high Apr.16) followed by 1.3229 (50% of Feb.-Apr. slide) and finally 1.3319 (high Feb.25).
On the flip side, a breach of 1.3001 (low Apr.17) would expose 1.2963 (low Apr.8) en route to 1.2959 (MA21d).