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25 Apr 2013
Forex: EUR/USD advancing firmly around 1.3040/45
FXstreet.com (Barcelona) - The upbeat tone in the risk-associated assets is pushing the cross to the upper end of today’s range so far, hovering over 1.3040/45.
An almost empty docket in the euro area, with only the Spanish unemployment during the first quarter due, will leave the cross to the mercy of the risk trends. Across the pond, the weekly report on the labour market will be in the limelight.
The cross is now up 0.18% at 1.3040 and a surpass of 1.3085 (high Apr.23) would clear the way to 1.3130 (high Apr.19) and finally 1.3202 (high Apr.16).
On the flip side, support levels line up at 1.2972 (MA21d) ahead of 1.2963 (low Apr.8) and then 1.2940 (MA200d).
An almost empty docket in the euro area, with only the Spanish unemployment during the first quarter due, will leave the cross to the mercy of the risk trends. Across the pond, the weekly report on the labour market will be in the limelight.
The cross is now up 0.18% at 1.3040 and a surpass of 1.3085 (high Apr.23) would clear the way to 1.3130 (high Apr.19) and finally 1.3202 (high Apr.16).
On the flip side, support levels line up at 1.2972 (MA21d) ahead of 1.2963 (low Apr.8) and then 1.2940 (MA200d).