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5 Apr 2013
Forex: EUR/USD accelerates above 1.3000 on US NFP
FXstreet.com (Barcelona) - The single currency spiked to the area of 1.3030 after the US economy has created 88K jobs during March, largely missing expectations at 200K and down from February’s 268K. Continuing with the data, the US jobless rate has ticked lower to 7.6% from 7.7%.
As of writing, the cross is up 0.55% at 1.3006 facing the next resistance at 1.3050 (high Mar.25) then 1.3107 (high Mar.15) and finally 1.3110 (38.2% of Feb.-Apr. slide)
On the flip side, a breach of 1.2893 (MA200d) would then target 1.2849 (MA10d) en route to 1.2747 (low Apr.4).
As of writing, the cross is up 0.55% at 1.3006 facing the next resistance at 1.3050 (high Mar.25) then 1.3107 (high Mar.15) and finally 1.3110 (38.2% of Feb.-Apr. slide)
On the flip side, a breach of 1.2893 (MA200d) would then target 1.2849 (MA10d) en route to 1.2747 (low Apr.4).