FXstreet.com (Barcelona) - The cross posted a short-lived knee-jerk reaction to the area of 94.20 after the US economic activity posted an annualized expansion of 0.4% during the fourth quarter of 2012, banging on forecasts and lower than the previous 3.1% advance.
Further US data showed that Initial Claims rose to 357K in the week ended on March 24, exceeding the 340K estimated.
At the moment, the cross is down 0.12% at 94.26 and a dip beyond 93.88 (low Mar.28) would clear the way to 93.81 (Kijun-Sen line) and then 93.53 (low Mar.25). On the flip side, resistance levels are located at 94.43 (MA100h) followed by 94.80 (Tenkan line) en route to 94.6 (MA200h).