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Forex: EUR/USD consolidates losses below 1.3100

FXstreet.com (Barcelona) - The shared currency is easing to the 1.3080/85 region at the end of the trading session on Friday, after another unsuccessful attempt to follow through the key resistance at 1.3100.
Renewed jitters on the Cyprus’s bailout plus some profit-taking have combined to drag the cross to the boundaries of 1.3040, although paring those losses later.

Monday’s calendar is pretty much empty in both the euro zone and the US. However, the most relevant risk-events would be in China, where the Q1 GDP figures are due, followed by Industrial Production and Retail Sales. EMU’s trade balance and the NY Empire State index will follow.

At the moment, the cross is down 0.09% at 1.3088 with the immediate support at 1.3044 (low Apr.11) followed by 1.3006 (low Apr.9) and finally 1.2980 (MA10d).
On the upside, a surpass of 1.3138 (high Apr.11) would open the door to 1.3140 (MA55d) and then 1.3150 (MA100d).

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