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11 Apr 2013
Forex: EUR/USD retreats to 1.3110/15 after US data
FXstreet.com (Barcelona) - The bloc currency extended its correction lower on Thursday, after the US labour market data improved during the last week, with Initial Claims falling beyond expectations to 346K vs. 388K in the previous week.
Increasing risk appetite continues to drive the market sentiment on Thursday, largely benefiting the risk-associated assets.
At the moment, the cross is gaining 0.33% at 1.3116 with the next resistance at 1.3146 (MA55d) followed by 1.3148 (MA100d) and then 12.3163 (high Feb.28).
On the downside, a breach of 1.3044 (hourly lows Apr.11) would expose 1.3006 (low Apr.9) and finally 1.2963 (low Apr.8).
Increasing risk appetite continues to drive the market sentiment on Thursday, largely benefiting the risk-associated assets.
At the moment, the cross is gaining 0.33% at 1.3116 with the next resistance at 1.3146 (MA55d) followed by 1.3148 (MA100d) and then 12.3163 (high Feb.28).
On the downside, a breach of 1.3044 (hourly lows Apr.11) would expose 1.3006 (low Apr.9) and finally 1.2963 (low Apr.8).