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8 Mar 2013
Forex: EUR/USD ease further below 1.3100
The single currency is extending the intraday correction lower below the key resistance of 1.3100 on Friday, after Draghi’s comments fuelled the euro to fresh weekly highs in the boundaries of 1.3120
Ahead in the day, the French budget is next on tap, followed by Spanish industrial output and the industrial production figures in Germany.
At the moment, the cross is losing 0.15% at 1.3087 with the next support at 1.3058 (MA200h) followed by 1.2970 (low Mar.7) and then 1.2966 (2013 low Mar.1).
On the upside, a breakout of 1.3130 (MA100d) would aim for 1.3140 (Tenkan Sen line) and then 1.3163 (high Feb.28).
Ahead in the day, the French budget is next on tap, followed by Spanish industrial output and the industrial production figures in Germany.
At the moment, the cross is losing 0.15% at 1.3087 with the next support at 1.3058 (MA200h) followed by 1.2970 (low Mar.7) and then 1.2966 (2013 low Mar.1).
On the upside, a breakout of 1.3130 (MA100d) would aim for 1.3140 (Tenkan Sen line) and then 1.3163 (high Feb.28).