Forex: EUR/USD at lows after Cyprus PM resignation
After briefly passing by the European session low at 1.2917 and extending the daily low to 1.2912, the market seems to be having the downside fairly limited as it shot up back to 1.2930. Despite trading lower on the day, the market remains pretty sidelined as it looks for more triggers via headlines coming from Cyprus. The latest report says the Cypriot Prime Minister has submitted his resignation, but significant move is being seen at the moment
The GBP/USD has surged higher off the 1.5080 mark during American trading Tuesday, regaining the 1.5100 level en route to 1.5130/31 in these moments. Having erased its losses, the pair now operates in positive territory, +0.12% above its opening.