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4 Mar 2013
Forex: EUR/USD remains locked around 1.3000
The bloc currency is clinging to the psychological level at 1.3000 on Monday, as the market is still looking for any catalyst to define a trend either way.
In the data space, the Unemployment Change in Spain grew less than estimated during February, 59.4K vs. 77.5K expected. The Sentix index fell to -10.6 for the month of march, below estimates at -5.2 and -3.9 previous.
As of writing, the pair is losing 0.01% at 1.3011 with the next support at 1.2967 (low Mar.1) ahead of 1.2929 (low Dec.11) and finally 1.2910 (76.4% of Nov.-Feb. rise).
On the flip side, a breakout of 1.3101 (high Mar.1) would open the door to 1.3163 (high Feb.28) and finally the psychological level at 1.3200
In the data space, the Unemployment Change in Spain grew less than estimated during February, 59.4K vs. 77.5K expected. The Sentix index fell to -10.6 for the month of march, below estimates at -5.2 and -3.9 previous.
As of writing, the pair is losing 0.01% at 1.3011 with the next support at 1.2967 (low Mar.1) ahead of 1.2929 (low Dec.11) and finally 1.2910 (76.4% of Nov.-Feb. rise).
On the flip side, a breakout of 1.3101 (high Mar.1) would open the door to 1.3163 (high Feb.28) and finally the psychological level at 1.3200