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22 Feb 2013
Forex: EUR/USD remains in sub 1.3200 levels
The shared currency holds the red territory on Friday, meandering around the area of 1.3180 after the repayment figures of the second 3-year LTRO were lower than expected according to the ECB, €61.1 billion vs. €122.5, neutralizing at the same time the better-than-expected readings from the German IFO series.
There is no US docket today, only speeches by FOMC member Powell and Fed’s Tarullo.
At the moment, the pair is losing 0.04% at 1.3183
Next support levels line up at 1.3121 (MA100d) followed by 1.3039 (low Jan.10) en route to 1.3018 (low Jan.7).
On the other hand, a break above 1.3289 (MA55d) would aim for 1.3343 (MA10d) ahead of 1.3429 (MA21d).
There is no US docket today, only speeches by FOMC member Powell and Fed’s Tarullo.
At the moment, the pair is losing 0.04% at 1.3183
Next support levels line up at 1.3121 (MA100d) followed by 1.3039 (low Jan.10) en route to 1.3018 (low Jan.7).
On the other hand, a break above 1.3289 (MA55d) would aim for 1.3343 (MA10d) ahead of 1.3429 (MA21d).