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28 Mar 2013
Forex: EUR/USD keeps 1.2800 after US data
FXstreet.com (Barcelona) - The single currency remained indifferent after the annualized US economic activity grew 0.4%, in line with consensus albeit below the 3.1% previous. US labour market data showed Initial Claims rising to 357K in the week ended on March 24, missing expectations at 340K.
There is no further news coming from Cyprus, where the banks re-opened to the public in a calm context after the prolonged bank holiday.
At the moment, the pair is up 0.19% at 1.2802 with the next resistance at 1.2867 (high Mar.27) followed by 1.2883 (MA200d) and finally 1.2890 (high Mar.26).
On the other hand, a breach of 1.2730 (low Nov.19) would open the door to 1.2685 (weekly cloud base) and then 1.2680 (61.8% of 1.2042-1.3711).
There is no further news coming from Cyprus, where the banks re-opened to the public in a calm context after the prolonged bank holiday.
At the moment, the pair is up 0.19% at 1.2802 with the next resistance at 1.2867 (high Mar.27) followed by 1.2883 (MA200d) and finally 1.2890 (high Mar.26).
On the other hand, a breach of 1.2730 (low Nov.19) would open the door to 1.2685 (weekly cloud base) and then 1.2680 (61.8% of 1.2042-1.3711).