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7 Mar 2013
Forex: EUR/USD back above 1.3000
A sudden boost of risk appetite is pushing the cross back above the key mark of 1.3000 after the opening bell in London on Thursday, leaving the comfort zone around 1.2985/90 that prevailed overnight.
Further results in the euro area showed the French trade deficit widened to €5.9 billion during January from €5.4 billion in the previous month.
EUR/USD is now advancing 0.36% at 1.3015 facing the next resistance at 1.3057 (MA10d) followed by 1.3075 (high Mar.5) and then 1.3101 (high Mar.1).
On the downside, a break below 1.2970 (low Mr.7) would bring 1.2966 (2013 low Mar.1) en route to 1.2929 (low Dec.11).
Further results in the euro area showed the French trade deficit widened to €5.9 billion during January from €5.4 billion in the previous month.
EUR/USD is now advancing 0.36% at 1.3015 facing the next resistance at 1.3057 (MA10d) followed by 1.3075 (high Mar.5) and then 1.3101 (high Mar.1).
On the downside, a break below 1.2970 (low Mr.7) would bring 1.2966 (2013 low Mar.1) en route to 1.2929 (low Dec.11).