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Trading news
20 Mar 2013
Forex: EUR/USD back below 1.2900
FXstreet.com (Barcelona) - The bloc currency is once again trading in sub 1.2900 levels after the Current Account figures in the euro area showed a €4.9 billion deficit in January from a €29 billion surplus in the previous month.
Regarding Cyprus, the press conference by finance minister M.Sarris from Moscow at 10GMT has now been cancelled, adding even more uncertainty to the situation.
At the moment, the cross is up 0.14% at 1.2887
Next resistance levels line up at 1.2970 (high Mar.19) followed by 1.3009 (MA10d) and then 1.3074 (MA21d).
On the flip side, a breakdown of 1.2844 (low Mar.19) would expose 1.2827 (low Nov.22) and finally 1.2730 (low Nov.19).
Regarding Cyprus, the press conference by finance minister M.Sarris from Moscow at 10GMT has now been cancelled, adding even more uncertainty to the situation.
At the moment, the cross is up 0.14% at 1.2887
Next resistance levels line up at 1.2970 (high Mar.19) followed by 1.3009 (MA10d) and then 1.3074 (MA21d).
On the flip side, a breakdown of 1.2844 (low Mar.19) would expose 1.2827 (low Nov.22) and finally 1.2730 (low Nov.19).