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8 Mar 2013
Forex: EUR/USD keeps the red after French Budget
The shared currency keeps the soft tone on Friday, after the French Budget deficit during January narrowed to €12.8 billion from €87.2 billion in the previous month.
Continuing with the data, Spanish industrial output posted an annual contraction of 5.0%, a tad better than estimates at -5.2%.
Next on tap would be the German figures for the industrial sector, preceding the US Non-farm Payrolls and unemployment rate.
The cross is losing 0.15% at 1.3087 and a dip below 1.3058 (MA200h) would clear the way to 1.2970 (low Mar.7) and then 1.2966 (2013 low Mar.1).
On the upside, resistance levels line up at 1.3130 (MA100d) ahead of 1.3140 (Tenkan Sen line) and then 1.3163 (high Feb.28).
Continuing with the data, Spanish industrial output posted an annual contraction of 5.0%, a tad better than estimates at -5.2%.
Next on tap would be the German figures for the industrial sector, preceding the US Non-farm Payrolls and unemployment rate.
The cross is losing 0.15% at 1.3087 and a dip below 1.3058 (MA200h) would clear the way to 1.2970 (low Mar.7) and then 1.2966 (2013 low Mar.1).
On the upside, resistance levels line up at 1.3130 (MA100d) ahead of 1.3140 (Tenkan Sen line) and then 1.3163 (high Feb.28).