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22 Feb 2013
Forex: EUR/USD around 1.3215/20 ahead of German GDP
The single currency is hovering the area if 1.3215/20 on Friday after a positive performance overnight, ahead of the final German Q4 GDP figures. Prior surveys expect the German economic activity to contract 0.6% inter-quarter.
The next significant release would be the IFO series in Germany, ahead of the Growth Forecasts by the European Commission.
As of writing, the cross is advancing 0.18% at 1.3214 with the next resistance at 1.3280 (Kijun line) ahead of 1.3367 (MA10d) and then 1.3440 (MA21d).
On the flipside, a breach of 1.3165 (76.4% of Jan-Feb rise) would expose 1.3039 (low Jan.10) and finally 1.3018 (low Jan.7).
The next significant release would be the IFO series in Germany, ahead of the Growth Forecasts by the European Commission.
As of writing, the cross is advancing 0.18% at 1.3214 with the next resistance at 1.3280 (Kijun line) ahead of 1.3367 (MA10d) and then 1.3440 (MA21d).
On the flipside, a breach of 1.3165 (76.4% of Jan-Feb rise) would expose 1.3039 (low Jan.10) and finally 1.3018 (low Jan.7).