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5 Mar 2013
Forex: EUR/USD keeps the area of 1.3050/60
More positive data from the euro area, as the retail sales rose 1.2% on a monthly basis, and contracted 1.3% over the last twelve months, surpassing the median at +0.2% and -2.9%, respectively. The single currency remained mute in the wake of the release, hovering over the area of 1.3050/60
Further data would bring the US IBD/TIPP Economic Optimism and the ISM Non Manufacturing PMI, expected at 46.3 and 55.0, respectively.
EUR/USD is now up 0.25% at 1.3058 with the next resistance at 1.3101 (high Mar.1) ahead of 1.3108 (MA10d) and then 1.3114 (Ichimoku Cloud Base).
On the flip side, support levels line up at 1.3018 (low Mar.5) ahead of 1.2982 (low Mar.4) and then 1.2966 (2013 low Mar.1).
Further data would bring the US IBD/TIPP Economic Optimism and the ISM Non Manufacturing PMI, expected at 46.3 and 55.0, respectively.
EUR/USD is now up 0.25% at 1.3058 with the next resistance at 1.3101 (high Mar.1) ahead of 1.3108 (MA10d) and then 1.3114 (Ichimoku Cloud Base).
On the flip side, support levels line up at 1.3018 (low Mar.5) ahead of 1.2982 (low Mar.4) and then 1.2966 (2013 low Mar.1).