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13 Feb 2013
Forex: EUR/USD keeps the 1.3475/80 region after EMU data
The shared currency remains in the 1.3475/80 region on Wednesday, after the industrial production in the euro bloc expanded 0.7% on a monthly basis during December, beating expectations and previous print at +0.2% and -0.7%, respectively. Over the last twelve months, the industrial production contracted 2.4%, matching forecasts and above November’s fall of 4.0%.
As of writing, the cross is up 0.16% at 1.3477 and a surpass of 1.3492 (MA10d) would clear the way to the psychological level at 1.3500 and then 1.3577 (high Feb.7).
On the flip side, support barriers line up at 1.3364 (low Feb.12) followed by 1.3325 (low Feb.11) and 1.3300 (psychological level).
As of writing, the cross is up 0.16% at 1.3477 and a surpass of 1.3492 (MA10d) would clear the way to the psychological level at 1.3500 and then 1.3577 (high Feb.7).
On the flip side, support barriers line up at 1.3364 (low Feb.12) followed by 1.3325 (low Feb.11) and 1.3300 (psychological level).