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16 May 2013
Forex: EUR/USD in red around 1.2870
FXstreet.com (Barcelona) - The demand for the single currency remains subdued on Thursday, with the cross trading on the back foot around 1.2870/75, ahead of Nonfarm Payrolls in France during the first quarter (-0.2%).
Further data in the euro area will highlight EMU consumer prices and trade balance figures. Consensus expects the inflation figures to have extended the negative trend in April and the trade surplus to widen to €13.0 billion in March.
At the moment the cross is losing 0.14% at 1.2866 with the next support at 1.2747 (low Apr.4) followed by 1.2679 (61.8% of 1.2042-1.3711) and then 1.2662 (low Nov.13).
On the flip side, a break above 1.2943 (high May 15) would expose 1.3030 (high May 14) and finally 1.3048 (MA21d).
Further data in the euro area will highlight EMU consumer prices and trade balance figures. Consensus expects the inflation figures to have extended the negative trend in April and the trade surplus to widen to €13.0 billion in March.
At the moment the cross is losing 0.14% at 1.2866 with the next support at 1.2747 (low Apr.4) followed by 1.2679 (61.8% of 1.2042-1.3711) and then 1.2662 (low Nov.13).
On the flip side, a break above 1.2943 (high May 15) would expose 1.3030 (high May 14) and finally 1.3048 (MA21d).