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Forex: EUR/USD back to 1.3070/80

FXstreet.com (Barcelona) - The bloc currency left session lows around 1.3030, dragged lower on poor results from the ZEW Survey in Germany, after sudden buying interest lifted the pair to levels short of 1.3090 on Tuesday.

Further data in the euro bloc saw yields of Spanish 6-month and 12-month Letras came in lower than previous auctions, giving some extra support to the correction higher as well.

Next on tap will be the US Consumer Prices, Housing Starts and Building Permits, ahead of a speech by ECB President Mario Draghi.

The cross is now up 0.28% at 1.3075 with the next resistance at 1.3150 (high Apr.15) followed by 1.3152 (MA100d) and then 1.3163 (high Feb.28).
On the flip side, a breakdown of 1.3027 (MA10d) would clear the way to 1.3006 (low Apr.9) and finally 1.2963 (low Apr.8).

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