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22 Feb 2013
Forex: EUR/USD in fresh lows on ECB data
The single currency breached Thursday’s lows, extending the decline to the proximities of 1.3150 after the ECB informed that 365 banks would repay €61.1 billion of the second 3-year LTRO, lower than the €122.5 billion expected.
Further euro data showed that Italian retail sales contracted further on an annualized basis during December, falling 3.8% vs. -3.1% prior. MoM, sales expanded 0.2%, bettering the previous contraction of 0.4%.
At the moment, the pair is losing 0.14% at 1.3171 with the next support at 1.3163 (low Feb.21) ahead of 1.3121 (MA100d) and then 1.3039 (low Jan.10).
On the upside, a surpass of 1.3289 (MA55d) would aim for 1.3343 (MA10d) ahead of1.3429 (MA21d).
Further euro data showed that Italian retail sales contracted further on an annualized basis during December, falling 3.8% vs. -3.1% prior. MoM, sales expanded 0.2%, bettering the previous contraction of 0.4%.
At the moment, the pair is losing 0.14% at 1.3171 with the next support at 1.3163 (low Feb.21) ahead of 1.3121 (MA100d) and then 1.3039 (low Jan.10).
On the upside, a surpass of 1.3289 (MA55d) would aim for 1.3343 (MA10d) ahead of1.3429 (MA21d).