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Forex: EUR/USD threatening 1.2900

FXstreet.com (Barcelona) - The bloc currency is hovering over the key support of 1.2900 at the end of the NA session on Thursday, heading south as there was no progress from the last meeting of political leaders in Cyprus.

Moving forward to tomorrow’s euro docket, a measure of the Business Climate in France will precede the more relevant German IFO, with market consensus expecting the series to be a tad better in all of its components.

At the moment, the cross is losing 0.29% at 1.2906 with the next support at 1.2878 (MA200d) ahead of 1.2865 (Lower Bollinger) and finally 1.2844 (low Mar.19).
On the flip side, a break above 1.2979 (high Mar.20) would clear the way to 1.3032 (MA21d) and then 1.3128 (MA100d).

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