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19 Mar 2013
Forex: EUR/USD around 1.2950 on US housing data
FXstreet.com (Barcelona) - The bloc currency posted no reaction after the better-than-expected data from the US housing sector, with the Building Permits increasing by 946K and Housing Starts following suit by 917K, vs. estimates at 925K and 915K, respectively.
The cross remains isolated in its comfort zone around 1.2950, ahead of the parliamentary vote in Cyprus due at 1600GMT.
At the moment, the cross is down 0.08% at 1.2947 with the next support at 1.2883 (low Mar.18) ahead of 1.2878 (low Dec.7) and finally 1.2872 (MA200d).
On the flip side, a break above 1.2995 (high Mar.18) would accelerate the upside to 1.3009 (MA10d) and then 1.3074 (MA21d).
The cross remains isolated in its comfort zone around 1.2950, ahead of the parliamentary vote in Cyprus due at 1600GMT.
At the moment, the cross is down 0.08% at 1.2947 with the next support at 1.2883 (low Mar.18) ahead of 1.2878 (low Dec.7) and finally 1.2872 (MA200d).
On the flip side, a break above 1.2995 (high Mar.18) would accelerate the upside to 1.3009 (MA10d) and then 1.3074 (MA21d).