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16 May 2013
Forex: EUR/USD hovering over 1.2900
FXstreet.com (Barcelona) - After climbing to fresh intraday highs in the vicinity of 1.2930 post-US data, the bloc currency has returned to the area of the key level at 1.29, as the NA session is drawing to a close.
Moving forwards to Friday’s docket, only Construction Output and Trade Balance figures are due in the EMU. Across the Atlantic, the only release will be the preliminary result of the Reuters/Michigan consumer sentiment index ahead of the speech by Fe’d N.Kocherlakota.
As of writing, the cross is up 0.15% at 1.2905 with the next hurdle at 1.2943 (high May 15) followed by 1.3030 (high May 14) and then 1.3050 (MA30d).
On the flip side, a break below 1.2843 (low May 15) would open the door to the psychological mark at 1.2800 and finally 1.2740 (2013 low Apr.14).
Moving forwards to Friday’s docket, only Construction Output and Trade Balance figures are due in the EMU. Across the Atlantic, the only release will be the preliminary result of the Reuters/Michigan consumer sentiment index ahead of the speech by Fe’d N.Kocherlakota.
As of writing, the cross is up 0.15% at 1.2905 with the next hurdle at 1.2943 (high May 15) followed by 1.3030 (high May 14) and then 1.3050 (MA30d).
On the flip side, a break below 1.2843 (low May 15) would open the door to the psychological mark at 1.2800 and finally 1.2740 (2013 low Apr.14).