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Forex: EUR/USD below 1.2800 after EMU data

FXstreet.com (Barcelona) - The shared currency penetrated the key limestone of 1.2800 on Wednesday after poor data from the euro zone. Sentiment remains fragile and selling interest on the raise after Consumer Confidence in the bloc improved a tad to -23.5 in March from -23.6 and Business Climate fell to -0.86 from -0.72

Further data showed that despite January’s improvement, the Italian retail sector is submerged into recession figures, posting an annualized contraction of 3.0%. Next on tap in the Italian peninsula will be a 5-year and 10-year auctions.

At the moment, the cross is retreating 0.48% at 1.2793 facing the next support at 1.2730 (low Nov.19) and then 1.2662 (low Nov.13).
On the upside, a surpass of 1.2927 (MA10d) would bring 1.3050 (high Mar.25) and then 1.3107 (high Mar.15).

EMU: Consumer Confidence almost unchanged in March

Eurozone Consumer Confidence edged up to -23.5 in March, from -23.6 in February, the European Commission reported on Wednesday. This result is in line with market consensus.
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Forex: EUR/GBP spikey on UK and EMU data

As the economic calendar updates investors with fundamental information during the London morning, the EUR/GBP has been trading spikey after a first drop from just below 0.8480 to 0.8455. Disappointing UK data provoked a spike higher to 0.8481, followed by a drop to 0.8453 on the EMU confidence report.
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