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Forex: EUR/USD testing the 200-day MA around 1.2875

FXstreet.com (Barcelona) - The single currency keeps the negative mood after the situation in Cyprus became more instable on Tuesday. While protests are growing bigger outside the Parliament, it’s worth noting that Cyprus’s finance minister M.Sarris has stepped down although his resignation still need to be approved by the Government. In the same tone, the Cypriot ruling party would abstain from the parliamentary vote, adding fuel to the fire.

At the moment, the cross is losing 0.60% at 1.2879 with the next support at 1.2855 (low Mar.19) ahead of 1.2827 (low Nov.22) and then 1.2730 (low Nov.19).
On the flip side, a breakout of 1.2995 (high Mar.18) would aim for 1.3009 (MA10d) and then 1.3074 (MA21d).

Forex Flash: Many claim that a Rubicon has been crossed in Cyprus - BBH

Brown Brothers Harriman analysts note that many, including the French Finance Minister, are claiming some taboo has been broken. Others claim a Rubicon has been crossed. However, they are not so convinced.
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Forex: GBP/USD testing the 1.5100 level during erratic trading

The GBP/USD has continued its erratic pattern Tuesday, erasing its recent gains to turn back towards its opening levels during American trading. With this most recent move, an attempt at the upside was stymied at the 1.5130 level, whereby the pair extended downwards to the 1.5100 level.
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