Forex: EUR/USD finds bids around 1.3100

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FXstreet.com (Barcelona) - The single currency seems to have bottomed in the vicinity of the key support at 1.3100 so far, as risk aversion continues to dominate the session, ahead of the employment data in the US economy.

The preference for safe havens has intensified on Thursday, after yesterday euphoria on the US 'fiscal cliff', dragging the cross from the area around 1.3300 to levels sub 1.3100

At the moment the cross is markedly down 0.60% at 1.3107
Next support levels lie at 1.3099 (MA30d) ahead of 1.3066 (low Dec.14) and finally 1.3040 (low Dec.13).
On the other hand, a climb beyond 1.3194 (MA10d) would aim towards 1.3300 (high Jan.2) en route to 1.3308 (high Dec.19).



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Forex and Currencies

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