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Forex: EUR/USD remains locked around 1.3000

The bloc currency is clinging to the psychological level at 1.3000 on Monday, as the market is still looking for any catalyst to define a trend either way.

In the data space, the Unemployment Change in Spain grew less than estimated during February, 59.4K vs. 77.5K expected. The Sentix index fell to -10.6 for the month of march, below estimates at -5.2 and -3.9 previous.

As of writing, the pair is losing 0.01% at 1.3011 with the next support at 1.2967 (low Mar.1) ahead of 1.2929 (low Dec.11) and finally 1.2910 (76.4% of Nov.-Feb. rise).
On the flip side, a breakout of 1.3101 (high Mar.1) would open the door to 1.3163 (high Feb.28) and finally the psychological level at 1.3200

US economy has downshifted into a slower gear - BBH

The US jobs data may be the more important economic report due for release this week as it will set the tone for the economic data for the remainder of month, including industrial production, construction spending and personal income and consumption, says the BBH analyst team.
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Forex: GBP/USD takes a breather above 1.5000

The British pound is taking a breather on Monday and has entered in a consolidation phase after the last bearish attack failed to decisively break below the important 1.5000 level and left the GBP/USD in search for direction.
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