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Forex: EUR/USD finds support at 1.3200

By FXstreet.com,  April 26, 2012, 08:49:00 AM EDT

FXstreet.com (Barcelona) - The bloc currency is retreating from the session's low at 1.3200 after the weekly report of the US labor market came in almost unchanged from last week. In the same direction Germany's flash CPI for the month of April rose 0.2% MoM vs. +0.1% expected and 2.0% year-on-year, in line with estimates.
Despite the choppy session so far, the cross has managed well to remain above the 1.3200 mark.

At the moment the cross is down just 0.07% at 1.3212, finding support at 1.3172 (MA21d) ahead of 1.3162 (MA10d) then 1.3113 (MA100d) and 1.3058 (low Apr.18).
On the flip side, a break above 1.3300 (hourly low Apr.3) would expose 1.3331 (Upper Bollinger) then 1.3368 (high Apr.3) and 1.3385 (high Mar.27).




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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