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5 Apr 2013
Forex: EUR/USD eyes 1.2950 ahead of NFP
FXstreet.com (Barcelona) - The single currency is attempting a rebound to the area of 1.2950 on Friday, ahead of the NFP and the jobless rate in the US economy. It is worth noting that prior surveys expect the Payrolls to fell to 200K in March from 236K previous and the unemployment rate to stay put at 7.7%.
Further data will show the trade balance figures during February, with the trade deficit expected to widen a tad to $44.60 billion from $44.45 billion.
At the moment, the cross is up 0.08% at 1.2946 facing the next resistance at 1.3050 (high Mar.25) and then 1.3107 (high Mar.15).
On the flip side, a breach of 1.2893 (MA200d) would then target 1.2849 (MA10d) en route to 1.2747 (low Apr.4).
Further data will show the trade balance figures during February, with the trade deficit expected to widen a tad to $44.60 billion from $44.45 billion.
At the moment, the cross is up 0.08% at 1.2946 facing the next resistance at 1.3050 (high Mar.25) and then 1.3107 (high Mar.15).
On the flip side, a breach of 1.2893 (MA200d) would then target 1.2849 (MA10d) en route to 1.2747 (low Apr.4).