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Forex: EUR/USD easing to 1.2910 after US PMI

FXstreet.com (Barcelona) - Sentiment around the single currency is now softer, after the flash US manufacturing PMI rose to 54.9 in March, up from February’s 54.3 although below forecasts at 55.0

US housing data and the Philadelphia Fed manufacturing index are next although they lack the ability to spark any move in the cross, as Cypriot developments remain in the centre of attention this week.

The cross is now losing 0.27% at 1.2908 with the immediate support at 1.2878 (MA200d0 ahead of 1.2865 (Lower Bollinger) and finally 1.2844 (low Mar.19).
On the flip side, a surpass of 1.2979 (high Mar.20) would clear the way to 1.3032 (MA21d) and then 1.3128 (MA100d).

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