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Forex: EUR/USD around 1.3085/90 after German data

FXstreet.com (Barcelona) - The shared currency picked up pace to the area of 1.3085/90 after the German jobless rate remained unchanged at 6.9% in March, banging on estimates. The unemployment change fell to 4K from 13K, although missed expectations at 2K. in the same line, Italian unemployment stayed at 11.5%.

Consumer prices and employment data are due next in the EMU, ahead of Italian inflation figures.

At the moment, the cross is down 0.11% at 1.3084 with the immediate support at 1.3029 (MA21d) followed by 1.2988 (low Apr.25) and finally 1.2958 (MA200d).
On the flip side, a break above 1.3130 (high Apr.19) would bring 1.3158 (MA100d) and then 1.3202 (high Apr.16).

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