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1 Apr 2013
Forex: EUR/USD in red below 1.2800
FXstreet.com (Barcelona) - The single currency is trading in the red territory on Monday, as markets are slowly shrugging off Easter holidays.
The selling interest in the euro dragged the cross from the boundaries of the key resistance of 1.2800 to intraday lows around 1.2770 overnight, climbing some pips since.
Empty docket in the euro area would prompt investors to shift their focus on the NA session, where the final figure of the Manufacturing PMI is due alongside the ISM Manufacturing.
At the moment, the cross is down 0.13% at 1.2788 facing the next support at 1.2751 (low Mar.27) and then 1.2730 (low Nov.19).
On the flip side, a breakout of 1.2884 (MA200d) would aim for 1.3050 (high Mar.25) and then 1.3163 (high Feb.28).
The selling interest in the euro dragged the cross from the boundaries of the key resistance of 1.2800 to intraday lows around 1.2770 overnight, climbing some pips since.
Empty docket in the euro area would prompt investors to shift their focus on the NA session, where the final figure of the Manufacturing PMI is due alongside the ISM Manufacturing.
At the moment, the cross is down 0.13% at 1.2788 facing the next support at 1.2751 (low Mar.27) and then 1.2730 (low Nov.19).
On the flip side, a breakout of 1.2884 (MA200d) would aim for 1.3050 (high Mar.25) and then 1.3163 (high Feb.28).