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1 Mar 2013
Forex: EUR/USD keeps the red around 1.3020
The single currency is closing the week with strong losses, falling from Monday’s tops above the 1.3300 figure to today’s lows in the proximity of 1.2960/65
Moving forward to Monday, the euro docket would kick in with the Spanish unemployment figures ahead of the Sentix Investor Confidence index and then Producer Prices. FOMC member Yellen is due to give a speech across the pond.
At the moment, the pair is retreating 0.27% at 1.3022 with the next support at 1.2929 (low Dec.11) ahead of 1.2910 (76.4% of Nov.-Feb. rise) and then 1.2881 (low Dec.10).
On the flip side, a breakdown of 1.3060 (61.8% Fibo) would aim for 1.3101 (high Mar.1) en route to 1.3163 (high Feb.28).
Moving forward to Monday, the euro docket would kick in with the Spanish unemployment figures ahead of the Sentix Investor Confidence index and then Producer Prices. FOMC member Yellen is due to give a speech across the pond.
At the moment, the pair is retreating 0.27% at 1.3022 with the next support at 1.2929 (low Dec.11) ahead of 1.2910 (76.4% of Nov.-Feb. rise) and then 1.2881 (low Dec.10).
On the flip side, a breakdown of 1.3060 (61.8% Fibo) would aim for 1.3101 (high Mar.1) en route to 1.3163 (high Feb.28).