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Forex pairs in this Article » EUR/USD (Edinburgh) -The shared currency is trading almost unchanged against the greenback on Friday, taking the EUR/USD to the 1.3465/70 region ahead of EMU data.

EUR/USD vs. light Friday

The calendar in both the euro area and the US economy looks quite light, with the final EMU CPI figures (0.7% YoY expected) and US Industrial Production (0.2% forecasted) as the most relevant releases. The ‘Yellen’ effect seems to be fading away in the markets with the pair extending the correction lower from Thursday’s peaks near the key 1.3500 handle. “The recent break through 1.3450 resistance signals a positive bias for a test of 1.3547, en route to 1.3650. Crucial on the downside is 1.3389 low and a break through that area will switch the bias to bearish again”, noted Stoyan Mihaylov, Strategist at

EUR/USD key levels

As of writing the pair is up 0.02% at 1.3463 with the next resistance at 1.3499 (high Nov.14) ahead of 1.3529 (high Nov.7) and finally 1.3548 (high Nov.6). On the flip side, a breakdown of 1.3458 (MA10d) would open the door to 1.3418 (low Nov.14) and then 1.3390 (low Nov.13).
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