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Trading news
8 Mar 2013
Forex: EUR/USD consolidates losses below 1.3000
The single currency keeps the negative tone on Friday, dragged from the area around 1.3130 to the current lows in the proximities of 1.2985/90 after the sharp gain of the February’s Payrolls in the US economy and the lower jobless rate.
The stronger-that-expected data boosted the greenback, at the moment advancing across the board with the exception of the Canadian dollar.
As of writing, EUR/USD is losing 0.92% at 1.2986 facing the immediate support at 1.2956 (low Mar.8) ahead of 1.2929 (low Dec.11) and then 1.2881 (low Dec.10).
On the upside, a breakout of 1.3055 (MA200h) would expose 1.3135 (high Mar.8) en route to 1.3163 (high Feb.28).
The stronger-that-expected data boosted the greenback, at the moment advancing across the board with the exception of the Canadian dollar.
As of writing, EUR/USD is losing 0.92% at 1.2986 facing the immediate support at 1.2956 (low Mar.8) ahead of 1.2929 (low Dec.11) and then 1.2881 (low Dec.10).
On the upside, a breakout of 1.3055 (MA200h) would expose 1.3135 (high Mar.8) en route to 1.3163 (high Feb.28).