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14 Mar 2013
Forex: EUR/USD in fresh 2013 lows
The single currency is intensifying its descent on Thursday, printing fresh yearly lows in the boundaries of 1.2915/20 as risk aversion continues to push higher.
The sentiment surrounding the euro would be put to the test later, as the US docket will publish the weekly report on the labour market and Producer Prices (+1.7% YoY exp.).
At the moment, EUR/USD is losing 0.32% at 1.2918 with the next support at 1.2881 (low Dec.10) ahead of 1.2878 (low Dec.7) and then 1.2847 (Lower Bollinger).
On the upside, a breakout of 1.3075 (high Mar.12) would bring 1.3124 (MA21d) and then 1.3127 (MA100d).
The sentiment surrounding the euro would be put to the test later, as the US docket will publish the weekly report on the labour market and Producer Prices (+1.7% YoY exp.).
At the moment, EUR/USD is losing 0.32% at 1.2918 with the next support at 1.2881 (low Dec.10) ahead of 1.2878 (low Dec.7) and then 1.2847 (Lower Bollinger).
On the upside, a breakout of 1.3075 (high Mar.12) would bring 1.3124 (MA21d) and then 1.3127 (MA100d).