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Forex: EUR/USD keeps the 1.2875/85 after parliamentary vote

FXstreet.com (Barcelona) - The euro remained muted after the Cypriot Parliament officially rejected the bank-deposit tax by 36 votes against and 19 abstentions. There were no votes in favour of the deposit levy.
The single currency keeps the area below the key handle of 1.2900 although bouncing off fresh 2013 lows in the vicinity of 1.2850

At the moment, the cross is down 0.57% at 1.2883
Next support levels line up 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 break above 1.2995 (high Mar.18) would accelerate the upside to 1.3009 (MA10d) and then 1.3074 (MA21d).

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Cypriot parliament rejects bank-deposit levy

The Cyprus' parliament has rejected the tax on bank deposit also know as levy with 36 votes against the proposal and 19 abstentions. In this way, Cyprus has blocked the €10Bn bailout just 15 minutes before the deadline.
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