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24 Apr 2013
Forex: EUR/USD drops below 1.3000 on US data
FXstreet.com (Barcelona) - The shared currency is now gyrating around the psychological level at 1.3000 after the US Durable Goods Orders contracted markedly in March 5.7% vs. the median at -2.8%. The print also came in lower than February’s increase of 4.3% (revised).
At the moment, the cross is losing 0.07% at 1.2987 and a breakdown of 1.2972 (MA21d) would aim for 1.2963 (low Apr.8) en route to 1.2940 (MA200d).
On the upside, resistance levels line up at 1.3085 (high Apr.23) ahead of 1.3130 (high Apr.19) and then 1.3202 (high Apr.16).
At the moment, the cross is losing 0.07% at 1.2987 and a breakdown of 1.2972 (MA21d) would aim for 1.2963 (low Apr.8) en route to 1.2940 (MA200d).
On the upside, resistance levels line up at 1.3085 (high Apr.23) ahead of 1.3130 (high Apr.19) and then 1.3202 (high Apr.16).