Forex: EUR/USD finds support at 1.2920
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EUR/USD
FXstreet.com (Barcelona) - The bloc currency is almost unchanged on Friday, consolidating above 1.2900 after the stronger-than-expected data out of the US labor market have spurred risk appetite on Thursday.
Light docket overall today as French Current Account, Italian inflation figures and industrial production in the pan-European composite are due. Across the Atlantic, Producer Price index and the Reuters Michigan Consumer Sentiment index will also be published.
As of writing, EURUSD is up 0.05% at 1.2935 with the next resistance at 1.2960 (MA21d) followed by 1.2991 (high Oct.9) then 1.3035 (high Oct.8) and 1.3072 (high Oct.5).
On the flip side, a violation of 1.2880 (prior intraday res) would bring 1.2827 (hourly low oct.11) then 1.2822 (MA200d) and 1.2804 (low Oct.1).
Light docket overall today as French Current Account, Italian inflation figures and industrial production in the pan-European composite are due. Across the Atlantic, Producer Price index and the Reuters Michigan Consumer Sentiment index will also be published.
As of writing, EURUSD is up 0.05% at 1.2935 with the next resistance at 1.2960 (MA21d) followed by 1.2991 (high Oct.9) then 1.3035 (high Oct.8) and 1.3072 (high Oct.5).
On the flip side, a violation of 1.2880 (prior intraday res) would bring 1.2827 (hourly low oct.11) then 1.2822 (MA200d) and 1.2804 (low Oct.1).
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