Forex: EUR/USD remains isolated at 1.3070/80

January 09, 2013 | Filed Under »
Forex pairs in this Article » EUR/USD
FXstreet.com (Barcelona) - The deaf tone surrounding the single currency was not altered after the economic activity in the euro bloc has contracted 0.1% QoQ in the last quarter, matching expectations and previous reading.

Continuing with the euro docket, the Greek Industrial Production slipped 2.9% on a year through November, well below the prior advance of 3.5%.

EURUSD is now losing 0.07% at 1.3072, with the immediate support at of 1.3058 (low Jan.8) ahead of 1.3036 (Lower Bollinger) and 1.3018 (low Jan.7).
On the upside, a break above 1.3140 (high Jan.8) would aim towards 1.3144 (MA10d) and 1.3161 (MA21d).
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