Back
1 Apr 2013
Forex: EUR/USD stabilizes around 1.2850
FXstreet.com (Barcelona) - The bloc currency is treading water around the mid 1.2800s on Monday, as market activity is gradually returning to normalcy after Easter holidays and the NA session is entering the last part of the trading day.
Very interesting docket awaits traders on Tuesday, as the Unemployment Change in Spain would precede a batch of final manufacturing PMI prints in the euro area, followed by the jobless rate in Italy and the EMU. German preliminary inflation figures for the month of March will follow, ahead of US Factory Orders.
As of writing, EUR/USD is up 0.35% at 1.2850 facing the next resistance at 1.2888 (MA200d) followed by 1.2890 (highMar.26) and finally 1.2901 (MA10d).
On the flip side, a breakdown of 1.2751 (low Mar.27) would open the door to 1.2730 (low Nov.19) and finally 1.2680 (61.8% of 1.2042-1.3711).
Very interesting docket awaits traders on Tuesday, as the Unemployment Change in Spain would precede a batch of final manufacturing PMI prints in the euro area, followed by the jobless rate in Italy and the EMU. German preliminary inflation figures for the month of March will follow, ahead of US Factory Orders.
As of writing, EUR/USD is up 0.35% at 1.2850 facing the next resistance at 1.2888 (MA200d) followed by 1.2890 (highMar.26) and finally 1.2901 (MA10d).
On the flip side, a breakdown of 1.2751 (low Mar.27) would open the door to 1.2730 (low Nov.19) and finally 1.2680 (61.8% of 1.2042-1.3711).