Forex: EUR/USD keeps the red around 1.2960
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EUR/USD
FXstreet.com (Barcelona) - The sentiment surrounding the bloc currency remains depressed on Friday, prolonging yesterday's decline after the dovish press conference by President Mario Draghi.
The euro fell from Thursday's tops above 1.3080 to the key level at 1.2950 after the ECB now expects the euro zone to contract 0.3% in 2013 and to grow 1.2% in 2014
In the data front, French trade balance figures would precede the German industrial production, ahead of the US Non farm payrolls
The cross is losing 0.06% at 1.2961 with the immediate support at 1.2951 (low Dec.6) followed by 1.2939 (low Nov.29) and 1.2880 (low Nov.28).
On the upside, a breakout of 1.3040 (prior intraday low) would expose 1.3060 (low Dec.5) and 1.3087 (high Dec.6).
The euro fell from Thursday's tops above 1.3080 to the key level at 1.2950 after the ECB now expects the euro zone to contract 0.3% in 2013 and to grow 1.2% in 2014
In the data front, French trade balance figures would precede the German industrial production, ahead of the US Non farm payrolls
The cross is losing 0.06% at 1.2961 with the immediate support at 1.2951 (low Dec.6) followed by 1.2939 (low Nov.29) and 1.2880 (low Nov.28).
On the upside, a breakout of 1.3040 (prior intraday low) would expose 1.3060 (low Dec.5) and 1.3087 (high Dec.6).
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