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22 Mar 2013
Forex: EUR/USD jumps to 1.3000 on soon-to-be bailout
FXstreet.com (Barcelona) - The Cypriot ruling party is confident that the country will achieve a bailout deal within EU framework over the next hours. Such headline triggered a jump of the EUR/USD from 1.2950 to the 1.3000 psychological level.
The economic calendar is empty and waiting for the close of the week, but investors remain on their toes awaiting a solution for the troubled country.
“Whatever the outcome, the EUR/USD will likely react nicely offering long runs either side of the board if we finally head something on Cyprus today”, wrote FXstreet.com independent analyst Valeria Bed-narik, pointing to supports at 1.2920, 1.2880 and 1.2840, while resistance levels are at 1.2970, 1.3000 and 1.3030.
The economic calendar is empty and waiting for the close of the week, but investors remain on their toes awaiting a solution for the troubled country.
“Whatever the outcome, the EUR/USD will likely react nicely offering long runs either side of the board if we finally head something on Cyprus today”, wrote FXstreet.com independent analyst Valeria Bed-narik, pointing to supports at 1.2920, 1.2880 and 1.2840, while resistance levels are at 1.2970, 1.3000 and 1.3030.