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11 Feb 2013
Forex: EUR/USD eyes 1.3400 ahead of Europe
The single currency is trading in session highs on Monday, hovering over the 1.3385/90 area ahead of the opening bell in Europe.
Next on tap in the euro docket will be the Industrial Production in France, expected to contract 0.2% on a monthly basis during December from +0.5% in the previous print.
At the moment, the cross is advancing 0.14% at 1.3387 with the next resistance at 1.3462 (high Feb.5) ahead of 1.3510 (MA10d) and then 1.3577 (high Feb.7).
On the flip side, a breach of 1.3349 (low Jan.25) would bring1.3265 (low Jan.23) and finally 1.3215 (Lower Bollinger).
Next on tap in the euro docket will be the Industrial Production in France, expected to contract 0.2% on a monthly basis during December from +0.5% in the previous print.
At the moment, the cross is advancing 0.14% at 1.3387 with the next resistance at 1.3462 (high Feb.5) ahead of 1.3510 (MA10d) and then 1.3577 (high Feb.7).
On the flip side, a breach of 1.3349 (low Jan.25) would bring1.3265 (low Jan.23) and finally 1.3215 (Lower Bollinger).