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Forex: EUR/USD upside attempt stalls at 1.3065

By FXstreet.com,  January 04, 2013, 11:05:00 AM EDT

FXstreet.com (Barcelona) - The single currency has attempted a recovery although it proved to be short lived as the upside run out of steam in the proximity of 1.3065, after the NFP figures came slightly above expectations at 155K during December, and the jobless rate matched November's at 7.8%.

The cross is now losing 0.035 at 1.3046 and a drop beyond 1.2996 (low Dec.12) would expose 1.2945 (Lower Bollinger) and then 1.2929 (low Dec.11).
On the flip side, resistance levels are located at 1.3139 (MA21d) then 1.3168 (MA10d) and 1.3190 (high Jan.3).




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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