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6 Mar 2013
Forex: EUR/USD testing session lows around 1.3020
The bloc currency is retreating to session lows on Wednesday, after the US private sector added 198K jobs during February, exceeding the median at 170K although lower than January’s 215K (revised up from 192K).
Next on tap would be the US Factory Orders and the Fed’s Beige Book.
At the moment, EUR/USD is losing 0.20% at 1.3024 facing the next support at 1.3010 (low Mar.5) ahead of 1.2982 (low Mar.4) and then 1.2966 (2013 low Mar.1).
On the upside, a breakout of 1.3075 (high Mar.5) would expose 1.3085 (MA10d) and then 1.3101 (high Mar.1).
Next on tap would be the US Factory Orders and the Fed’s Beige Book.
At the moment, EUR/USD is losing 0.20% at 1.3024 facing the next support at 1.3010 (low Mar.5) ahead of 1.2982 (low Mar.4) and then 1.2966 (2013 low Mar.1).
On the upside, a breakout of 1.3075 (high Mar.5) would expose 1.3085 (MA10d) and then 1.3101 (high Mar.1).