Forex: EUR/USD threatening 1.3000

FXstreet.com (Barcelona) - The shared currency is intensifying its intraday decline on Friday, just pips away from the psychological level at 1.3000 as the greenback is accelerating its march north.
The prevailing risk aversion continues to fuel the USD rally, prolonging its advance since Thursday evening and dragging riskier assets to fresh lows.

In the opinion of Strategist G.Gibbs at RBS, the euro descent “…comes despite stronger than expected German factory orders and industrial production this week. Spain also reported stronger industrial production data overnight. Nevertheless, with the USD broadly stronger, the recent ECB policy announcements probably helped make the downside path easier overnight”.

EUR/USD is now down 0.17% at 1.3019 and a breach of 1.3010 (low May 9) would open the door to 1.2992 (MA200d) and finally 1.2988 (low Apr.25).
On the flip side, the first hurdle is located at 1.3075 (MA21d) ahead of 1.3100 (MA10d) and then 1.3194 (high May 8).