Friday, 4 January 2013

EUR/USD could see further slides upon break of 1.30

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> The euro fell to a fresh three-week low against the greenback in early Asian trade Friday, with EUR/USD managing to test bids through 1.3021 on dollar strength, after losing more than one percent overnight. " … with US NFP data to be release next Friday US session, the EUR/USD trades at daily lows with a strong short term bearish tone," explains Valeria Bednarik, Chief Analyst at FXstreet.com. "Usually a slow session ahead of employment data, current Asian one could see further dollar gains if the pair breaks below the psychological 1.3000 mark."

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