Forex: EUR/USD clings to 1.3000
The bloc currency is trading just off the 2-month low (1.2995), after
the EMU’s trade surplus has narrowed to €3.7 billion in February from
€5.3 billion in the previous month. The data add to the
better-than-expected Italian deficit figures, coming in at €-1.11
billion in the same period, up from € -4.35 billion in January.
In addition to the sombre scenario, the Spanish situation is not getting anything better as the 10-yr benchmark is above the 6.0% threshold and the IBEX 35 is posting fresh 3-year lows around the 7,200 level.
At the moment, the cross is down 0.41% at 1.3014, with the next support at 1.2991 (Lower Bollinger) ahead of 1.2974 (low Feb.16) then 1.2955 (61.8% of 1.2624-1.3487) and 1.2931 (low Jan.25).
A break above 1.3074 (hourly high Apr.16) would bring 1.3143 (MA10d) then 1.3200 (MA21d) and 1.3202 (MA55d).
In addition to the sombre scenario, the Spanish situation is not getting anything better as the 10-yr benchmark is above the 6.0% threshold and the IBEX 35 is posting fresh 3-year lows around the 7,200 level.
At the moment, the cross is down 0.41% at 1.3014, with the next support at 1.2991 (Lower Bollinger) ahead of 1.2974 (low Feb.16) then 1.2955 (61.8% of 1.2624-1.3487) and 1.2931 (low Jan.25).
A break above 1.3074 (hourly high Apr.16) would bring 1.3143 (MA10d) then 1.3200 (MA21d) and 1.3202 (MA55d).
EUR/USD Apr 16 at 11:08 GMT
1.3023/25 (-0.32%)
H1.3076 L 1.2995
S3 | S2 | S1 | R1 | R2 | R3 |
---|---|---|---|---|---|
1.2960 | 1.2993 | 1.3025 | 1.3032 | 1.3065 | 1.3098 |
Trend Index [?] | OB/OS Index [?] |
---|---|
Data updated on Apr 16 a 11:00 GMT (15-minute timeframe) | |
Slightly Bullish | Extremely Oversold |
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