7 Jun 2013
EUR/USD flat around 1.3250
FXstreet.com (Barcelona) - The EUR/USD is trading almost unchanged on Friday, hovering over the mid 1.32s ahead of the German trade balance figures due later.
Prior surveys expect the trade surplus to ease a tad in April to €17.2 billion from €17.6 billion and the Current Account surplus to come in at €13.0 billion from €20.2 billion in the previous month. After Thursday’s steep upside, the euro seems to have found a comfort zone around 1.3245/50, ahead of US Payrolls.
At the moment the pair is gaining 0.01 % at 1.3250 facing the next hurdle at 1.3306 (high Jun.6) followed by 1.3319 (high Feb.25) and finally 1.3343 (61.8% of Feb-Apr slide). On the flip side, a drop beyond 1.3230 (weekly Kijun) would clear the way to 1.3108 (MA100d) en route to 1.3075 (low Jun6).
Prior surveys expect the trade surplus to ease a tad in April to €17.2 billion from €17.6 billion and the Current Account surplus to come in at €13.0 billion from €20.2 billion in the previous month. After Thursday’s steep upside, the euro seems to have found a comfort zone around 1.3245/50, ahead of US Payrolls.
At the moment the pair is gaining 0.01 % at 1.3250 facing the next hurdle at 1.3306 (high Jun.6) followed by 1.3319 (high Feb.25) and finally 1.3343 (61.8% of Feb-Apr slide). On the flip side, a drop beyond 1.3230 (weekly Kijun) would clear the way to 1.3108 (MA100d) en route to 1.3075 (low Jun6).