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15 Feb 2013
Forex: EUR/USD easing to 1.3345/50 after Spanish data
The bloc currency is giving away some ground towards the area around 1.3340/45 after the Spanish inflation figures in January rose above expectations 2.7% on a yearly basis and contracted 1.3% MoM. Previous estimates were +2.6% and -1.4%, respectively.
Continuing with the euro docket, December Italian trade balance figures are coming next (€2.363 billion prev.).
As of writing, the cross is losing 0.13% at 1.3344 with the immediate support at 1.3316 (low Feb.14) ahead of 1.3286 (low Jan.24) and then 1.3266 (MA55d).
On the upside, a breakout of 1.3415 (hourly high/lows Feb.14) would expose 1.3440 (MA21d) and finally 1.3456 (high Feb.14).
Continuing with the euro docket, December Italian trade balance figures are coming next (€2.363 billion prev.).
As of writing, the cross is losing 0.13% at 1.3344 with the immediate support at 1.3316 (low Feb.14) ahead of 1.3286 (low Jan.24) and then 1.3266 (MA55d).
On the upside, a breakout of 1.3415 (hourly high/lows Feb.14) would expose 1.3440 (MA21d) and finally 1.3456 (high Feb.14).