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Forex: EUR/USD keeps highs around 1.2935/40

FXstreet.com (Barcelona) - The euro continues to ignore the headlines from Cyprus, as the parliament will now vote on the permanence of the island within the euro zone. There is still doubts regarding the precise date, but it would surely be over the weekend.

The increasing risk appetite plus the triggering of stop-orders are pushing the cross to intraday highs in the area of 1.2935/40, rapidly leaving behind the poor data from the IFO indicator.

EUR/USD is now advancing 0.30% at 1.2934 and a surpass of 1.2966 (MA10d) would lead to 1.2979 (high Mar.20) and then 1.3017 (MA21d).
On the downside, support levels line up at 1.2879 (MA200d) followed by 1.2844 (low Mar.19) and finally 1.2827 (low Nov.22).

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