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Forex: EUR/USD unchanged around 1.2815/20

FXstreet.com (Barcelona) - The single currency remains flat on Good Friday, orbiting around 1.2815/20 ahead of the meeting between P.L.Bersani and G.Napolitano in Italy, as it will be the most relevant event of the day.

In the data front, preliminary Italian inflation figures showed that CPI rose 1.7% YoY in March and 0.3% on a monthly basis, below the median at 1.8% and 0.4%, respectively. In the meantime, retail sales in Greece plummeted 16.4% over the last twelve months, extending the negative momentum in the retail sector.

At the moment, EUR/USD is flat at 1.2815 with the immediate resistance at 1.2867 (high Mar.27) ahead of 1.2883 (MA200d) and finally 1.2890 (high Mar.26).
On the flip side, a breakdown of 1.2751 (low Mar.27) would aim for 1.2730 (low Nov.19) and finally 1.2685 (weekly cloud base).

Forex: GBP/USD just below 1.5200 after European data

The GBP/USD has fallen to as low as 1.5178 before the release of French consumer spending (disappointing investors at -0.2% vs +0.4% consensus) and producer prices (at +0.4% vs +0.3% consensus). As the pair bounces back towards the 1.5200 mark, Italian data has been published. The market remains just below the psychological level.
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Forex: EUR/JPY around 120.60

A spike lower was seen in early European morning, to as low as 120.31, but the EUR/JPY was able to retrace losses to 120.60, so far. The market is trading in a very tight range today, as many markets closed for holiday. The economic calendar has updated many indicators in European countries.
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