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7 Mar 2013
Forex: EUR/USD hovering over 1.3100
The shared currency keeps the positive mood around the key level of 1.3100 in the last part of the NA session on Thursday, stabilizing after comments by ECB’s Draghi have fuelled the upside to the boundaries of 1.3120
Friday’s calendar in the euro area would only offer the German Industrial Production as its most significant release, ahead of the Non-farm Payrolls and the jobless rate in the US economy, expected to increase a tad by160K in February, and to remain at 7.9% in the same period, respectively.
The cross is now advancing 1.075 at 1.3106
Next resistance levels line up at 1.3130 (MA100d) ahead of 1.3140 (Tenkan Sen line) and then 1.3163 (high Feb.28).
On the downside, a drop beyond 1.3058 (MA200h) would allow 1.2970 (low Mar.7) and then 1.2966 (2013 low Mar.1).
Friday’s calendar in the euro area would only offer the German Industrial Production as its most significant release, ahead of the Non-farm Payrolls and the jobless rate in the US economy, expected to increase a tad by160K in February, and to remain at 7.9% in the same period, respectively.
The cross is now advancing 1.075 at 1.3106
Next resistance levels line up at 1.3130 (MA100d) ahead of 1.3140 (Tenkan Sen line) and then 1.3163 (high Feb.28).
On the downside, a drop beyond 1.3058 (MA200h) would allow 1.2970 (low Mar.7) and then 1.2966 (2013 low Mar.1).