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25 Apr 2013
Forex: EUR/USD indifferent after Spanish data
FXstreet.com (Barcelona) - The shared currency posted no reaction after the Spanish unemployment rose to 27.6% during the first quarter, exceeding the median at 26.5% and higher than the previous 26.02%.
There are no more data in the euro zone, while the weekly report on the US labour market is due across the pond. Market consensus expects Initial Claims to fall a tad to 351K in the week ended on April 13 from 352K in the previous reading.
At the moment, the pair is up 0.23% at 1.3045.
Next resistance levels line up at 1.3062 (hourly highs Apr.25) followed by 1.3063 (MA55d) and finally 1.3085 (high Apr.23).
On the flip side, a break below 1.2997 (MA21d) would expose 1.2954 (low Apr.24) and then 1.2944 (MA200d).
There are no more data in the euro zone, while the weekly report on the US labour market is due across the pond. Market consensus expects Initial Claims to fall a tad to 351K in the week ended on April 13 from 352K in the previous reading.
At the moment, the pair is up 0.23% at 1.3045.
Next resistance levels line up at 1.3062 (hourly highs Apr.25) followed by 1.3063 (MA55d) and finally 1.3085 (high Apr.23).
On the flip side, a break below 1.2997 (MA21d) would expose 1.2954 (low Apr.24) and then 1.2944 (MA200d).