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30 Apr 2013
Forex: EUR/USD around 1.3085/90 after German data
FXstreet.com (Barcelona) - The shared currency picked up pace to the area of 1.3085/90 after the German jobless rate remained unchanged at 6.9% in March, banging on estimates. The unemployment change fell to 4K from 13K, although missed expectations at 2K. in the same line, Italian unemployment stayed at 11.5%.
Consumer prices and employment data are due next in the EMU, ahead of Italian inflation figures.
At the moment, the cross is down 0.11% at 1.3084 with the immediate support at 1.3029 (MA21d) followed by 1.2988 (low Apr.25) and finally 1.2958 (MA200d).
On the flip side, a break above 1.3130 (high Apr.19) would bring 1.3158 (MA100d) and then 1.3202 (high Apr.16).
Consumer prices and employment data are due next in the EMU, ahead of Italian inflation figures.
At the moment, the cross is down 0.11% at 1.3084 with the immediate support at 1.3029 (MA21d) followed by 1.2988 (low Apr.25) and finally 1.2958 (MA200d).
On the flip side, a break above 1.3130 (high Apr.19) would bring 1.3158 (MA100d) and then 1.3202 (high Apr.16).