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Forex: EUR/USD sedated around 1.2940/45, US data eyed

FXstreet.com (Barcelona) - The single currency remains apathetic in the vicinity of 1.2940/45 on Tuesday while waiting for the parliamentary vote on Cyprus’s bailout and the US data. Both Housing Starts and Building Permits are expected to rise to 915K and 925K during February, adding to the incipient recovery in the housing sector.

Recall that the ZEW Survey in Germany improved in both its components for the month of March - Economic Sentiment and Current Conditions - although these results have been eclipsed by EMU’s Economic Sentiment drop in the same period.

At the moment, the cross is down 0.10% at 1.2944 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 surpass of 1.2995 (high Mar.18) would accelerate the upside to 1.3009 (MA10d) and then 1.3074 (MA21d).

European markets down on ZEW survey and uncertainty in Cyprus

The German DAX 30 (-0.40%), the French CAC 40 (-0.54%), the Italian FTSE MIB (-0.35%) and the Spanish IBEX 35 (-0.85%) are down on Tuesday as the Cypriot Parliament prepares to vote the bailout measures. It’s widely expected to reject the deal and Cyprus government will have to go for plan B.
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Forex: GBP/USD testing resistance at 1.5130/35

The GBP/USD was held by the 1.5075 zone as the London opening pushed the pair lower. There, the load of UK data triggered a move to 1.5135 high, being able to stay above the opening price since then.
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