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Forex: EUR/USD jumps to 1.3000 on soon-to-be bailout

FXstreet.com (Barcelona) - The Cypriot ruling party is confident that the country will achieve a bailout deal within EU framework over the next hours. Such headline triggered a jump of the EUR/USD from 1.2950 to the 1.3000 psychological level.

The economic calendar is empty and waiting for the close of the week, but investors remain on their toes awaiting a solution for the troubled country.

“Whatever the outcome, the EUR/USD will likely react nicely offering long runs either side of the board if we finally head something on Cyprus today”, wrote FXstreet.com independent analyst Valeria Bed-narik, pointing to supports at 1.2920, 1.2880 and 1.2840, while resistance levels are at 1.2970, 1.3000 and 1.3030.

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