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Forex: EUR/USD testing highs around 1.2835/40

FXstreet.com (Barcelona) - The shared currency is testing session highs in the vicinity of 1.2835 on Thursday, after German Factory Orders expanded 2.3% on a monthly basis, leaving behind the forecasted advance of 1.2% and January’s contraction of 1.6%.

In the meantime the ECB informed that banks will repay €3.97 billion of the second 3-year LTRO in the upcoming week.

At the moment, the pair is flat at 1.2935 with the next support at 1.2893 (MA200d) delante de 1.2849 (MA10d) y después 1.2747 (mín. abr.4).
On the upside, resistance levels align at 1.2949 (high Apr.4) ahead of 1.3050 (high Mar.25) and then 1.3107 (high Mar.15).

Germany Feb Factory Orders n.s.a. (YoY) rises to 0% vs -2.1% (Jan)

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Germany: Factory Orders flat in February

German Factory Orders remained unchanged in February, following a 2.1% drop the previous month, Deutsche Bundesbank informed today. Analysts expected a 1.5% decrease.
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