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10 Apr 2013
Forex: EUR/USD hovering over 1.3075/80
FXstreet.com (Barcelona) - After hitting fresh multi-week highs above 1.3100 on Tuesday, the shared currency given away some pips and returned to the current area of 1.3075/1.3100 after China unexpectedly printed a trade deficit in March. In fact, China’s trade deficit reached CNY 0.88 billion with exports growing 10.0% YoY and imports 14.1% YoY.
Continuing with the euro docket, France, Spain and Italy will release industrial production results.
At the moment, the cross is down 0.06% at 1.3075 facing the next support at 1.2963 (low Apr.8) ahead of 1.2949 (high Apr.4).
On the upside, a breakout of 1.3107 (high Mar.15) would bring 1.3115 (38.2% of Feb-Apr slide).
Continuing with the euro docket, France, Spain and Italy will release industrial production results.
At the moment, the cross is down 0.06% at 1.3075 facing the next support at 1.2963 (low Apr.8) ahead of 1.2949 (high Apr.4).
On the upside, a breakout of 1.3107 (high Mar.15) would bring 1.3115 (38.2% of Feb-Apr slide).