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25 Feb 2013
Forex: EUR/USD climbs to session highs, around 1.3215/20
The single currency is navigating session highs at the end of the Asian session on Monday, as risk appetite is prevailing despite the softer result from the flash manufacturing PMI in China for the month of February.
Empty docket today in the euro area would only leave attention to the key parliamentary elections in Italy.
At the moment, the cross is flat at 1.3217 with the next support at 1.3122 (MA100d) followed by 1.3039 (low Jan.10) en route to 1.3018 (low Jan.7).
On the flip side, a breakout of 1.3246 (high Feb.22) would expose 1.3289 (MA55d) ahead of 1.3343 (MA10d).
Empty docket today in the euro area would only leave attention to the key parliamentary elections in Italy.
At the moment, the cross is flat at 1.3217 with the next support at 1.3122 (MA100d) followed by 1.3039 (low Jan.10) en route to 1.3018 (low Jan.7).
On the flip side, a breakout of 1.3246 (high Feb.22) would expose 1.3289 (MA55d) ahead of 1.3343 (MA10d).