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15 Mar 2013
Forex: EUR/USD eyes key 1.3070/75 on EMU CPI
FXstreet.com (Barcelona) - Buying interest keeps building up around the single currency on Friday, after the EMU CPI posted an annual raise of 1.8%, in line with forecasts albeit lower than January’s +2.0%. On a monthly basis, prices edged higher 0.4%, matching estimates.
Next on tap across the pond will be the inflation figures in the US economy followed by the NY Empire State Manufacturing index.
As of writing, the pair is up 0.41% at 1.3059
Next resistance levels align at 1.3075 (high Mar.12) ahead of 1.3111 (MA21d) and then 1.3129 (MA100d).
On the downside, a breach of 1.3000 (hourly low Mar.15) would aim for 1.2912 (low Mar.14) and finally 1.2881 (low Dec.10).
Next on tap across the pond will be the inflation figures in the US economy followed by the NY Empire State Manufacturing index.
As of writing, the pair is up 0.41% at 1.3059
Next resistance levels align at 1.3075 (high Mar.12) ahead of 1.3111 (MA21d) and then 1.3129 (MA100d).
On the downside, a breach of 1.3000 (hourly low Mar.15) would aim for 1.2912 (low Mar.14) and finally 1.2881 (low Dec.10).