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18 Mar 2013
Forex: EUR/USD eases further after Cyprus vote deferral
FXstreet.com (Barcelona) - The single currency is back to the area around 1.2935/40 after the Cypriot Government postponed today’s parliamentary vote on the bailout. The next likely date still remains unclear as sources vary from Tuesday to Friday.
Uncertainties are hence increased while investors focus on the re-open of the domestic banks after today’s holiday.
The cross is now losing 1.03% at 1.2940 and a dip beyond 1.2881 (low Dec.10) would expose 1.2878 (low Dec.7) and finally 1.2848 (Lower Bollinger).
On the flip side, resistance levels are located at 1.3013 (MA10d) en route to 1.3090 (MA21d) and then 1.3129 (MA100d).
Uncertainties are hence increased while investors focus on the re-open of the domestic banks after today’s holiday.
The cross is now losing 1.03% at 1.2940 and a dip beyond 1.2881 (low Dec.10) would expose 1.2878 (low Dec.7) and finally 1.2848 (Lower Bollinger).
On the flip side, resistance levels are located at 1.3013 (MA10d) en route to 1.3090 (MA21d) and then 1.3129 (MA100d).