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25 Apr 2013
Forex: EUR/USD in fresh highs above 1.3070
FXstreet.com (Barcelona) - The shared currency is posting fresh session highs just below 1.3080 on Thursday, taking advantage of the increasing risk appetite in the global markets.
“However euro upside potential in the near-term is being dampened against the major currencies by increasing expectations of further ECB monetary easing at next week’s meeting following evidence of renewed slowdown in the German economy in early Q2”, suggested Lee Hardman, Currency Analyst at BTMU.
As of writing, the cross is advancing 0.41% at 1.3069 facing the next hurdle at 1.3085 (high Apr.23) ahead of 1.3130 (high Apr.19).
On the downside, a break below 1.2997 (MA21d) would expose 1.2954 (low Apr.24) and finally 1.2944 (MA200d).
“However euro upside potential in the near-term is being dampened against the major currencies by increasing expectations of further ECB monetary easing at next week’s meeting following evidence of renewed slowdown in the German economy in early Q2”, suggested Lee Hardman, Currency Analyst at BTMU.
As of writing, the cross is advancing 0.41% at 1.3069 facing the next hurdle at 1.3085 (high Apr.23) ahead of 1.3130 (high Apr.19).
On the downside, a break below 1.2997 (MA21d) would expose 1.2954 (low Apr.24) and finally 1.2944 (MA200d).