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29 Mar 2013
Forex: EUR/USD glued to 1.2820 ahead of US PCE
FXstreet.com (Barcelona) - The sentiment surrounding the single currency remains flat on Good Friday, as no news is coming from Italy yet ahead of the US docket.
US Personal Consumption Expenditures, Personal Income/Spending are due in the US economy later, preceding the Reuters/Michigan Consumer Sentiment Index in March (72.5 exp).
At the moment, the cross is advancing 0.06% at 1.2824 facing the next hurdle at 1.2867 (high Mar.27) ahead of 1.2883 (MA200d) and finally 1.2890 (high Mar.26).
On the flip side, a breakdown of 1.2751 (low Mar.27) would aim for 1.2730 (low Nov.19) and finally 1.2685 (weekly cloud base).
US Personal Consumption Expenditures, Personal Income/Spending are due in the US economy later, preceding the Reuters/Michigan Consumer Sentiment Index in March (72.5 exp).
At the moment, the cross is advancing 0.06% at 1.2824 facing the next hurdle at 1.2867 (high Mar.27) ahead of 1.2883 (MA200d) and finally 1.2890 (high Mar.26).
On the flip side, a breakdown of 1.2751 (low Mar.27) would aim for 1.2730 (low Nov.19) and finally 1.2685 (weekly cloud base).