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11 Apr 2013
Forex: EUR/USD eases to 1.3065 after French data
FXstreet.com (Barcelona) - The single currency eased some ground to the area of 1.3060/65 after French consumer prices rose 0.8% on a monthly basis and 1.1% YoY, both prints exceeding forecasts at 0.7% and 1.0% respectively.
No further results are now expected in the euro area, apart from the ECB Monthly Report and the 3-year bond auction in Italy.
EUR/USD is now losing 0.03% at 1.3066 with the next support at 1.3044 (hourly lows Apr.11) ahead of 1.3006 (low Apr.9) and then 1.2963 (low Apr.8).
On the flip side, a break above 1.3122 (high Apr.10) would then target 1.3135 (high Mar.8) and finally 1.3146 (MA55d).
No further results are now expected in the euro area, apart from the ECB Monthly Report and the 3-year bond auction in Italy.
EUR/USD is now losing 0.03% at 1.3066 with the next support at 1.3044 (hourly lows Apr.11) ahead of 1.3006 (low Apr.9) and then 1.2963 (low Apr.8).
On the flip side, a break above 1.3122 (high Apr.10) would then target 1.3135 (high Mar.8) and finally 1.3146 (MA55d).