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16 Apr 2013
Forex: EUR/USD dips to 1.3050
FXstreet.com (Barcelona) - The shared currency slid to the boundaries of 1.3050 on Tuesday, despite the Italian trade balance posted a surplus of €1.086 billion in February, exceeding January’s deficit of €1.614 billion.
Next on tap will be the Spanish auction of 6-month Letras ahead of the key ZEW Survey in Germany, where the Economic Sentiment component is expected to drop to 42.0 in April from 48.5 in the previous month.
EUR/USD is now up 0.12% at 1.3053 with the next hurdle at 1.3150 (high Apr.15) ahead of 1.3152 (MA100d) and then 1.3163 (high Feb.28).
On the flip side, a breakdown of 1.3027 (MA10d) would target 1.3006 (low Apr.9) en route to 1.2963 (low Apr.8).
Next on tap will be the Spanish auction of 6-month Letras ahead of the key ZEW Survey in Germany, where the Economic Sentiment component is expected to drop to 42.0 in April from 48.5 in the previous month.
EUR/USD is now up 0.12% at 1.3053 with the next hurdle at 1.3150 (high Apr.15) ahead of 1.3152 (MA100d) and then 1.3163 (high Feb.28).
On the flip side, a breakdown of 1.3027 (MA10d) would target 1.3006 (low Apr.9) en route to 1.2963 (low Apr.8).