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13 Mar 2013
Forex: EUR/USD in highs around 1.3065/70
The single currency is printing fresh intraday highs in the vicinity of 1.3070 after French CPI came in short of expectations during February, rising 0.3% on a monthly basis and 1.2% over the last twelve months. In the opposite direction, Spanish CPI rose above estimates 0.2% MoM and 2.8% on a yearly basis.
At the moment, the cross is up 0.25% at 1.3060 with the next resistance at 1.3075 (high Mar.12) ahead of 1.3128 (MA100d) and then 1.3135 (high Mar.8).
On the other hand, a breakdown of 1.2980 (low Mar.11) would accelerate the decline to 1.2956 (low Mar.8) and then 1.2929 (low Dec.11).
At the moment, the cross is up 0.25% at 1.3060 with the next resistance at 1.3075 (high Mar.12) ahead of 1.3128 (MA100d) and then 1.3135 (high Mar.8).
On the other hand, a breakdown of 1.2980 (low Mar.11) would accelerate the decline to 1.2956 (low Mar.8) and then 1.2929 (low Dec.11).