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4 Feb 2013
Forex: EUR/USD testing 1.3600 after Spanish unemployment
FXstreet.com (Barcelona) -The single currency is threatening the key support at 1.3600 on Monday, after the Spanish Unemployment Change rose by 132.1K during January, extending the job problems to almost five million people. The result came in short of expectations at 150.0K, although it was way worse than December’s contraction of 59.1K
At the moment, the cross is printing fresh lows at 1.3603 or -0.33% with the next support at 1.3574 (hourly low Feb.1) followed by 1.3542 (low Jan.31).
On the flip side, a break above 1.3815 (high Nov.14) would bring 1.3833 (61.8% of 2011-2012 decline).
At the moment, the cross is printing fresh lows at 1.3603 or -0.33% with the next support at 1.3574 (hourly low Feb.1) followed by 1.3542 (low Jan.31).
On the flip side, a break above 1.3815 (high Nov.14) would bring 1.3833 (61.8% of 2011-2012 decline).