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Germany reported a better than expected  industrial  production rise: 1.2% instead of +0.1%.

This sends EURUSD above the narrowing triangle to 1.3140. 1.3169 is resistance. Update: the pair then extended its gain and broke above the post-NFP high of 1.3160 and is now trading at 1.3070. The next level is 1.32.

EURUSD Breaking Above Symmetrical Triangle Hourly Chart May 8 2013

For more on the euro, see the EURUSD forecast.