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7 Feb 2013
Forex: EUR/USD in fresh highs, around 1.3540
The bloc currency is inching higher before the opening bell in Europe on Thursday, printing fresh highs in the vicinity of 1.3540 at the moment.
Big day ahead for the euro, as the ECB will hold its monetary policy gathering, and the European Commission will release its economic growth forecasts. Second tier events would be the French trade balance figures and the German industrial production.
As of writing, EUR/USD is up 0.10% at 1.3537 with the next resistance at 1.3620 (intraday support Feb.4) and then 1.3660 (high Feb.4).
On the flip side, a breakdown of 1.3494 (low Feb.6) would aim for 1.3459 (low Feb5) and then 1.3415 (low Jan.29).
Big day ahead for the euro, as the ECB will hold its monetary policy gathering, and the European Commission will release its economic growth forecasts. Second tier events would be the French trade balance figures and the German industrial production.
As of writing, EUR/USD is up 0.10% at 1.3537 with the next resistance at 1.3620 (intraday support Feb.4) and then 1.3660 (high Feb.4).
On the flip side, a breakdown of 1.3494 (low Feb.6) would aim for 1.3459 (low Feb5) and then 1.3415 (low Jan.29).