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9 Apr 2013
Forex: EUR/USD eases to 1.3020 after French data
FXstreet.com (Barcelona) - The shared currency extends its correction lower during the European morning on Tuesday, retreating to the area of 1.3020 after the poor results from the French external sector: the trade deficit widened to €6.01 billion vs. €5.0 billion forecasted, with both exports and imports contracting further from January’s prints.
Italian Wage Inflation for the month of March is due next ahead of the Greek inflation figures and industrial production.
At the moment, the cross is advancing 0.12% at 1.3027 facing the next hurdle at 1.3068 (hourly high Apr.9) ahead of 1.3107 (high Mar.15) and then 1.3115 (38.2% of Feb-Apr slide).
On the downside, a breach of 1.2963 (low Apr.8) would expose 1.2949 (high Apr.4) and finally 1.2919 (MA21d).
Italian Wage Inflation for the month of March is due next ahead of the Greek inflation figures and industrial production.
At the moment, the cross is advancing 0.12% at 1.3027 facing the next hurdle at 1.3068 (hourly high Apr.9) ahead of 1.3107 (high Mar.15) and then 1.3115 (38.2% of Feb-Apr slide).
On the downside, a breach of 1.2963 (low Apr.8) would expose 1.2949 (high Apr.4) and finally 1.2919 (MA21d).