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6 Feb 2013
Forex: EUR/USD muted after German data
The bloc currency paid no attention to the annualized contraction of the Factory Orders in Germany, falling 1.8% during December and growing 0.8% on a monthly basis, below the +0.9% expected albeit bettering November’s -1.8%.
There are no more releases in the euro area, while MBA Mortgage Applications would see the light across the pond, ahead of the weekly report on crude inventories by EIA.
EUR/USD is now retreating 0.37% at 1.3532 with the next support at 1.3522 (MA10d) ahead of 1.3459 (low Feb5) and then 1.3415 (low Jan.29).
On the other hand, a surpass of 1.3598 (high Feb.5) would open the door to 1.3620 (intraday support Feb.4) and finally 1.3660 (high Feb.4).
There are no more releases in the euro area, while MBA Mortgage Applications would see the light across the pond, ahead of the weekly report on crude inventories by EIA.
EUR/USD is now retreating 0.37% at 1.3532 with the next support at 1.3522 (MA10d) ahead of 1.3459 (low Feb5) and then 1.3415 (low Jan.29).
On the other hand, a surpass of 1.3598 (high Feb.5) would open the door to 1.3620 (intraday support Feb.4) and finally 1.3660 (high Feb.4).