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ٹریڈنگ خبریں
17 Apr 2013
Forex: EUR/USD jumps from 1.3160 support ahead of EMU data
FXstreet.com (Barcelona) - After falling to as low as 1.3153 on the European opening and testing the 20-day EMA support at 1.3160, the EUR/USD finally jumped higher again ahead of the EMU construction output and German 10-year bond auction, returning to the 1.3188 high.
According to The Telegraph, French president Francois Hollande is finding resistance among the government against a fresh round of tax rises and austerity to meet EU deficit targets.
Having recovered most of the previous days’ losses and charted a new 6 week high, “we look for the market to fail ahead of the 1.3225/50% retracement”, say Commerzbank analyst Karen Jones, expecting the resumption of the EUR/USD down move, with intraday support circa 1.3027/22.
According to The Telegraph, French president Francois Hollande is finding resistance among the government against a fresh round of tax rises and austerity to meet EU deficit targets.
Having recovered most of the previous days’ losses and charted a new 6 week high, “we look for the market to fail ahead of the 1.3225/50% retracement”, say Commerzbank analyst Karen Jones, expecting the resumption of the EUR/USD down move, with intraday support circa 1.3027/22.