EUR/USD had a brief spike
through 1.2965/75 supply area, which keep limiting advances for the bulls. The rise came, surprisingly, following a Euro-negative headline, in which according to a Cyprus Government Spokesman, the Parliament is unlikely to ratify the bank deposit levy, now trying to find other options to ease the burden on savers. After the ephemeral climb, the Euro automatically fell almost 40 pips to an Asian session low of 1.2934 breaking through the twin floow at 1.2937, printed earlier in the Tokyo open.