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Forex: EUR/USD breaches 1.3300 after France/Spain data

January 24, 2013 | Filed Under »
Forex pairs in this Article » EUR/USD
FXstreet.com (Barcelona) - The bloc currency pierced the key support at 1.3300 on Thursday, after the French PMI disappointed investors. Both manufacturing and services prints fell to 42.9 and 43.6 in January, down from December's 44.6 and 45.2, respectively. In the same direction, the unemployment in Spain rose to 26.02% in the fourth quarter, vs. 26.0 expected and 25.0% previous.

As of writing, the pair is down 0.22% at 1.3289 with the immediate support at 1.3265 (low Jan.23) ahead of 1.3248 (low Jan.11) and then 1.3231 (MA21d).
On the flip side, a break above 1.3355 (high Jan.23) would clear the way to 1.3372 (high Jan.22) and then 1.3398 (high Jan.18).
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