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Forex: EUR/USD hovering over 1.3000/10

The bloc currency is retreating from intraday highs in the vicinity of 1.3030 to the boundaries of the key limestone of 1.3000 on Thursday, as the risk rally post-jobs data seems to be taking a breather.

Moving forward to Friday’s docket, the only data in the euro zone will be the inflation figures for the month of February, expected to rise 1.8% on a yearly basis and 0.4% MoM. Across the pond the US CPI and the preliminary Empire State Manufacturing index will be in the limelight.

At the moment, the cross is up 0.34% at 1.3005 facing the next resistance at 1.3075 (high Mar.12) ahead of 1.3124 (MA21d) and then 1.3127 (MA100d).
On the downside, a breach of 1.2910 (76.4% of Nov-Feb rise) would expose 1.2881 (low Dec.10) and finally 1.2878 (low Dec.7).

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