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Forex: EUR/USD around 1.3085/90, German data eyed

FXstreet.com (Barcelona) - The single currency is advancing on Tuesday in the vicinity of 1.3085/90, ahead of the German Factory Orders due later. Market consensus expects orders to shrink 0.5% on a monthly basis and contract 2.9% over the last twelve months.

The euro continues to slowly recover ground from yesterday’s pullback to the area of 1.3050 after dovish comments by President Draghi, as markets digested the last Payrolls numbers from last week.

At the moment, the cross is up 0.08% at 1.3087 facing the next resistance at 1.3160 (high May 3) followed by 1.3220 (high May 2) and finally 1.3243 (high May 1).
On the flip side, a breakdown of 1.3033 (low May 3) would then target 1.3015 (low Apr.29) en route to 1.3010 (MA30d).

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The Swiss SECO Consumer Climate improved to -5 in the first quarter of 2013, following -6 in the previous quarter, the State Secretariat for Economic Affairs SECO revealed today. Market consensus pointed to a greater increase to -3.
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Forex: GBP/USD holding steady around 1.5540/45

The sterling is trading almost unchanged against the greenback on Tuesday, hovering over the area of 1.5540/45....
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