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Forex: EUR/USD around 1.3000/10 ahead German data

The single currency had a decent performance overnight, although trading in a narrow range between 1.2985 and 1.3010 ahead of the German trade balance figures due later. Market forecasts expect the trade surplus to narrow to #15.8 billion during January.

As of writing, the cross is up 0.12% at 1.3012 facing the next resistance at 1.3055 (MA200h) en route to 1.3135 (high Mar.8) and finally 1.3163 (high Feb.28).
On the flip side a breakdown of 1.2956 (low Mar.8) would open the door to 1.2929 (low Dec.11) and then 1.2881 (low Dec.10).

Forex: EUR/USD, the 1.30 flirt goes on ...

Following what could be described as a 'remarkable' jobs number in the United States last Friday, with the jobless rate down to 7.7% and the economy creating 236K new jobs, highest since early 2012, the US Dollar continues to be one of the big winners in the currency market. Are the stars aligning for further Greenback strength?
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Germany: Jan Trade surplus narrows to €15.7B; Current Account surplus narrows to €11.3B

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