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26 Mar 2013
Forex: EUR/USD hovering over 1.2860
FXstreet.com (Barcelona) - The single currency remains muted around the mid 1.2800s as we enter the last part of the Wall St. session on Tuesday.
“We would not be surprised to see 1.2750 tested in coming days as speculation of an ECB rate cut percolates. There is considerable interest and tension regarding the reopening of the Cypriots banks on Thursday”, commented Currency Strategist Mike Jones at BNZ.
At the moment, EUR/USD is gaining 0.07% at 1.2858 and a surpass of 1.2950 (MA10d) would aim for 1.3050 (high Mar.25) en route to 1.3107 (high Mar.15).
On the flip side, support levels lie at 1.2828 (intraday low) followed by 1.2730 (low Nov.19) and finally 1.2680 (61.8% of 1.2042-1.3711).
“We would not be surprised to see 1.2750 tested in coming days as speculation of an ECB rate cut percolates. There is considerable interest and tension regarding the reopening of the Cypriots banks on Thursday”, commented Currency Strategist Mike Jones at BNZ.
At the moment, EUR/USD is gaining 0.07% at 1.2858 and a surpass of 1.2950 (MA10d) would aim for 1.3050 (high Mar.25) en route to 1.3107 (high Mar.15).
On the flip side, support levels lie at 1.2828 (intraday low) followed by 1.2730 (low Nov.19) and finally 1.2680 (61.8% of 1.2042-1.3711).