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Thursday, May 2, 2013

Forex: EUR/USD is consolidated in 1.3065/70

FXstreet.com (Barcelona) - after dropping almost 200 pips from the highs of the day around. 13220, the common currency has initiated a scheme of consolidation in a very narrow range around 1.3060/65, while markets are routed to the last part of today's business session.

Great day for FX markets Friday morning, that will be released the American economy non-farm payrolls in April. Previous surveys expect that the economy has created 145K jobs compared the 88 K in March. More data will come from the hand of the unemployment rate (7.6% esp.) and forecasts of economic growth of the European Commission.


At the time of writing, the junction falls 0.87% at 1.3064 following support waiting for you at 1.3037 (min. may.2) in front of 1.2988 (min abr.25) and finally 1.2968 (MA200d).
By contrast, beyond 1.3220 upload (max. may.2) open the door to 1.3232 (top of the daily cloud) and 1.3243 (max. may.1).

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