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26 Apr 2013
Forex: EUR/USD hovering over 1.3020/25
FXstreet.com (Barcelona) - The single currency is trimmings overnight gains around 1.3020/25 after hitting highs above 1.3040, in a context dominated by the risk appetite.
In the data front, German Import Prices contracted less than expected during March, falling 0.1% on a monthly basis and 2.3% over the last twelve months vs. forecasts at -0.2% and -2.4%, respectively.
At the moment the cross is up 0.06% at 1.3020 with the next resistance at 1.3130 (high Apr.19) ahead of 1.3202 (high Apr.16) and finally 1.3229 (50% of Feb-Apr slide).
On the downside, a breach of 1.2997 (MA21d) would expose 1.2954 (low Apr.24) and then 1.2944 (MA200d).
In the data front, German Import Prices contracted less than expected during March, falling 0.1% on a monthly basis and 2.3% over the last twelve months vs. forecasts at -0.2% and -2.4%, respectively.
At the moment the cross is up 0.06% at 1.3020 with the next resistance at 1.3130 (high Apr.19) ahead of 1.3202 (high Apr.16) and finally 1.3229 (50% of Feb-Apr slide).
On the downside, a breach of 1.2997 (MA21d) would expose 1.2954 (low Apr.24) and then 1.2944 (MA200d).