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Trading news
19 Apr 2013
Forex: EUR/USD flat after Italian, EMU data
FXstreet.com (Barcelona) - The single currency remained muted after the Italian industrial sector extended its negative momentum in February, with Industrial Orders contracting 7.9% over the last twelve months and Industrial Sales following suit, down 4.7% YoY. Further data showed that the EMU Current Account surplus widened to €12.1 billion in February from January’s deficit of €5.6 billion (revised).
Still no news from the Italian elections, as politicians continues to struggle to find the successor of G.Napolitano.
As of writing the cross is up 0.09% at 1.3063 with the next resistance at 1.3096 (high Apr.18) ahead of 1.3202 (high Apr.16) and finally 1.3229 (50% of Feb.-Apr. slide).
On the flip side, a breach of 1.3001 (low Apr.17) would expose 1.2967 (MA21d) en route to 1.2963 (low Apr.8).
Still no news from the Italian elections, as politicians continues to struggle to find the successor of G.Napolitano.
As of writing the cross is up 0.09% at 1.3063 with the next resistance at 1.3096 (high Apr.18) ahead of 1.3202 (high Apr.16) and finally 1.3229 (50% of Feb.-Apr. slide).
On the flip side, a breach of 1.3001 (low Apr.17) would expose 1.2967 (MA21d) en route to 1.2963 (low Apr.8).