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Forex: EUR/USD dips to lows around.12830/35

FXstreet.com (Barcelona) - Renewed weakness in the euro after the softer PMI data is dragging the cross to fresh session lows in the vicinity of 1.2830/35 on Tuesday, ahead of the EMU unemployment rate due later. Prior surveys expect the jobless rate to tick higher to 12.0% during February.

It is worth noting that Germany manufacturing PMI dropped to 49.0 in March, down from 50.3 albeit better than estimates at 48.9

EUR/USD is now down 0.09% at 1.2837 and a breakdown of 1.2751 (low Mar.27) would open the door to 1.2730 (low Nov.19) en route to 1.2680 (61.8% of 1.2042-1.3711).
On the flip side, resistance levels line up at 1.2886 (MA200d) ahead of 1.2890 (high Mar.260 and finally 1.2943 (MA21d).

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