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Forex: EUR/USD muted after Italian data

The bloc currency stayed put around the 1.3410/15 region in the wake of industrial data from Italy during December, as industrial orders contracted 1.8% MoM and 15.3% over the last twelve months while industrial sales gained 0.8% on a monthly basis and fell 6.3% YoY.

Next on tap in the euro area would be the German 10-yr bond auction, ahead of the FOMC minutes due in the European evening.

At the moment, the pair is up 0.17% with the next resistance lying at 1.3444 (MA21d) ahead of 1.3456 (high Feb.14) and then1.3472 (trend line off Feb. high)
On the opposite direction, a dip below 1.3307 (low Feb.15) would open the door to 1.3286 (low Jan.24) and finally 1.3276 (MA55d).

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