Back
6 Mar 2013
Forex: EUR/USD keeps lows after EMU GDP
The shared currency is hovering over session lows in the vicinity of 1.3030/35 after the economic activity in the euro area came in in line with market consensus for Q4, contracting 0.6% inter-quarter and 0.9% over the last twelve m months.
No more data is now expected in the euro bloc, while the US docket would bring the ADP report, Factory Orders and the Fed’s Beige Book.
As of writing, the pair is down 0.13% at 1.3033
Next support levels line up at 1.3010 (low Mar.5) ahead of 1.2982 (low Mar.4) and then 1.2966 (2013 low Mar.1).
On the upside, a breakout of 1.3075 (high Mar.5) would expose 1.3085 (MA10d) and then 1.3101 (high Mar.1).
No more data is now expected in the euro bloc, while the US docket would bring the ADP report, Factory Orders and the Fed’s Beige Book.
As of writing, the pair is down 0.13% at 1.3033
Next support levels line up at 1.3010 (low Mar.5) ahead of 1.2982 (low Mar.4) and then 1.2966 (2013 low Mar.1).
On the upside, a breakout of 1.3075 (high Mar.5) would expose 1.3085 (MA10d) and then 1.3101 (high Mar.1).