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Forex: EUR/USD closes just above 1.3000; 1.29 vital area

One month and 745 pips later, the EUR/USD has been brought to earth from the February 1st high at 1.3710 to Friday March 1st bottom at 1.2965. However, the euro managed to recover some ground and following the US President Barack Obama speech on 'sequester', the pair has closed above the 1.3000 key level. Is time for bears now? Let see...
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Forex: EUR/USD engaged in 1.30 battle

In a weekend where risk headlines were absent, Italy's center-left politician Mr. Bersani - his party obtained the most seats in the lower house - has brought a bit of juicy news by continuing to speculate on forming a grand coalition government with Mr. Berlusconi or Mr. Grillo, a scenario that seems hard to imagine by any means.
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