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22 Mar 2013
Forex: EUR/USD eases to 1.2940
FXstreet.com (Barcelona) - The single currency is back to the area of 1.2940/45 on Friday after hitting intraday highs above 1.2960 on stops-triggering and hopes of a final agreement in Cyprus.
In the meantime, last news from Cyprus remarks that officials are mulling the idea of lower levy on bank-deposits (5%-7%), going back to the basics of the former plan albeit with modifications.
In the data space, recall that the German IFO indicator missed expectations in March, coming in lower than the previous print in all of its components as well.
At the moment, the cross is up 0.39% at 1.2945 and a surpass of 1.2966 (MA10d) would aim for 1.2979 (high Mar.20) and finally 1.3017 (MA21d).
On the other hand, support levels align at 1.2879 (MA200d) en route to 1.2844 (low Mar.19) and then 1.2827 (low Nov.22).
In the meantime, last news from Cyprus remarks that officials are mulling the idea of lower levy on bank-deposits (5%-7%), going back to the basics of the former plan albeit with modifications.
In the data space, recall that the German IFO indicator missed expectations in March, coming in lower than the previous print in all of its components as well.
At the moment, the cross is up 0.39% at 1.2945 and a surpass of 1.2966 (MA10d) would aim for 1.2979 (high Mar.20) and finally 1.3017 (MA21d).
On the other hand, support levels align at 1.2879 (MA200d) en route to 1.2844 (low Mar.19) and then 1.2827 (low Nov.22).