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6 May 2013
Forex: EUR/USD recovers ground around 1.3075/80
FXstreet.com (Barcelona) - After bottoming in the boundaries of 1.3050 on Draghi’s comments, the shared currency picked up pace and is now currently around 1.3075/80, albeit in the negative ground.
Light docket in the euro area awaits investors on Tuesday, as French Budget and Trade Balance figures are due, followed by the German Factory Orders. Across the pond, Consumer Credit Change and a speech by Treasury Secretary John Lew will be in the limelight.
EUR/USD is now retreating 0.34% at 1.3077 and a breach of 1.3033 (low May 3) would then target 1.3015 (low Apr.29) en route to 1.3010 (MA30d).
On the flip side, resistance levels line up at 1.3160 (high May 3) followed by 1.3220 (high May 2) and finally 1.3243 (high May 1).
Light docket in the euro area awaits investors on Tuesday, as French Budget and Trade Balance figures are due, followed by the German Factory Orders. Across the pond, Consumer Credit Change and a speech by Treasury Secretary John Lew will be in the limelight.
EUR/USD is now retreating 0.34% at 1.3077 and a breach of 1.3033 (low May 3) would then target 1.3015 (low Apr.29) en route to 1.3010 (MA30d).
On the flip side, resistance levels line up at 1.3160 (high May 3) followed by 1.3220 (high May 2) and finally 1.3243 (high May 1).