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27 Mar 2013
Forex: EUR/USD muted after German data
FXstreet.com (Barcelona) - The shared currency kept the 1.2850 level after the German Consumer Confidence, gauged by the Gfk Survey, remained at 5.9 for the month of April, banging on estimates. Further data from the first economy of the bloc showed Import Prices contracting 1.6% over the last twelve months and rising 0.3% on a monthly basis.
Next on tap will be the French GDP figures for the last three months of 2012, followed by Spanish Retail Sales.
As of writing, the pair is down 0.04% at 1.2850 with the immediate support at 1.2828 (intraday low) followed by 1.2730 (low Nov.19) and finally 1.2680 (61.8% of 1.2042-1.3711).
On the flip side, a breakout of 1.2950 (MA10d) would aim for 1.3050 (high Mar.25) en route to 1.3107 (high Mar.15).
Next on tap will be the French GDP figures for the last three months of 2012, followed by Spanish Retail Sales.
As of writing, the pair is down 0.04% at 1.2850 with the immediate support at 1.2828 (intraday low) followed by 1.2730 (low Nov.19) and finally 1.2680 (61.8% of 1.2042-1.3711).
On the flip side, a breakout of 1.2950 (MA10d) would aim for 1.3050 (high Mar.25) en route to 1.3107 (high Mar.15).