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13 May 2013
Forex: EUR/USD dips to lows after US sales
FXstreet.com (Barcelona) - The shared currency is rapidly losing ground against the greenback on Monday, printing fresh session lows in the boundaries of 1.2940, after US retail sales bettered forecasts, expanding 0.1% vs. -0.3% estimated. Excluding the auto sector, sales dropped 0.1%, in line with prior surveys.
At the moment, the cross is down 0.10% at 1.2955 with the next support levels 1.2932 (61.8% of 1.2740-1.3243) followed by 1.2916 (daily cloud base) and then 1.2850 (76.4% of Apr. range).
On the flip side, a break above 1.3051 (high May 10) would the target 1.3075 (MA21d) and finally 1.3100 (MA10d).
At the moment, the cross is down 0.10% at 1.2955 with the next support levels 1.2932 (61.8% of 1.2740-1.3243) followed by 1.2916 (daily cloud base) and then 1.2850 (76.4% of Apr. range).
On the flip side, a break above 1.3051 (high May 10) would the target 1.3075 (MA21d) and finally 1.3100 (MA10d).