Daily FX Comment – 8th August 2012
EUR/USD Snapshot
| R3 | R2 | R1 | P | S1 | S2 | S3 |
| 1.2503 | 1.2472 | 1.2436 | 1.2405 | 1.2369 | 1.2338 | 1.2302 |
The shared currency took a breather yesterday, closing near flat at $1.2397 as the relief rally after the US employment numbers seemed to have run its course. And considering the manufacturing data from euro zone it can be argued the euro’s performance was rather resilient. In Germany for that matter, factory orders declined more than estimated, indicating a slowdown in Europe’s biggest economy.
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