Forex: EUR/USD keeps the positive around 1.3060

FXstreet.com (Barcelona) - The single currency attempted a rebound after the German Parliament has approved the aid package for Cyprus. Further strength came alongside the pretty decent Spanish auction. The upside however proved to be short-lived as it faltered in the vicinity of 1.3070/75.

Next on tap will be the weekly report on the US labour market, with consensus expecting Initial Claims to rise to 350K in the week ended on April 13th.

EUR/USD is now up 0.23% at 1.3062 facing the next hurdle at 1.3068 (MA10d) followed by 1.3108 (MA55d) and finally 1.3202 (high Apr.16).
On the flip side, a violation of 1.3001 (low Apr.17) would open the door to 1.2963 (low Apr.8) en route to 1.2959 (MA21d).

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