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5 Feb 2013
Forex: EUR/USD keeps the easing tone
The single currency is intensifying its bearishness on Tuesday, printing fresh lows in the area around 1.3470/65 ahead of services PMI in the euro area.
Ahead in the day, EMU retail sales during December are also due, expected to contract 1.1% YoY and 0.3% on a monthly basis, followed by preliminary inflation figures in Italy for the month of January.
At the moment, the cross is losing 0.33% at 1.3469 with the next support at 1.3415 (low Jan.29).
On the flip side, a break above 1.3625 (hourly cloud base) would open the door to 1.3660 (hourly high Feb.4) en route to 1.3711 (high Feb.1).
Ahead in the day, EMU retail sales during December are also due, expected to contract 1.1% YoY and 0.3% on a monthly basis, followed by preliminary inflation figures in Italy for the month of January.
At the moment, the cross is losing 0.33% at 1.3469 with the next support at 1.3415 (low Jan.29).
On the flip side, a break above 1.3625 (hourly cloud base) would open the door to 1.3660 (hourly high Feb.4) en route to 1.3711 (high Feb.1).