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Forex: EUR/USD well supported by 1.3000

The single currency is stabilizing above the key level of 1.3000 on Friday, keeping alive yesterday’s rally post-jobs data in the US.

Next on tap in the euro area will be the inflation figures for the month of February in the euro area, expected to rise 1.8% on a yearly basis, down from 2.0% previous.

At the moment, the cross is up 0.16% at 1.3024 with 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).

Euro buyers insist to defend $1.30; volatility to be on the rise

EUR/USD has managed to recover away from year lows at 1.2910, and is currently just below yesterday's highs at 1.3033 following the USD sell-off that came in after upbeat US unemployment data and PPI just in line with expectations at +0.7%, higher for fourth consecutive month, which adds to speculation of an early exit to QE.
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Forex: GBP/USD in weekly highs above 1.5100

The sterling is following its European peer on Friday, advancing beyond the key resistance of 1.5100 ahead of the CB Leading Economic index during February in the UK...
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