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3 May 2013
Forex: EUR/USD around 1.3065/75 on better NFP
FXstreet.com (Barcelona) - The shared currency quickly breached the key support at 1.3100 on Friday after the US economy has created 165K jobs during April, beating expectations at 145K and up from March’s 138K (revised). Continuing with the data, the US jobless rate fell to 7.5% in the same period from 7.6% expected
The cross is now advancing 0.34% at 1.3109 and a surpass of 1.3220 (high May 2) would open the door to 1.3231 (daily cloud top) and then 1.3243 (high May 1).
On the flip side, support levels line up at 1.3051 (low May 3) ahead of 1.3037 (low May 2) and then 1.3015 (low Apr.29).
The cross is now advancing 0.34% at 1.3109 and a surpass of 1.3220 (high May 2) would open the door to 1.3231 (daily cloud top) and then 1.3243 (high May 1).
On the flip side, support levels line up at 1.3051 (low May 3) ahead of 1.3037 (low May 2) and then 1.3015 (low Apr.29).