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Forex: EUR/USD regains 1.2800

FXstreet.com (Barcelona) - The single currency is inching higher on Thursday, extending the overnight momentum and regaining the key resistance of 1.2800, after dipping to a 4-month low around 1.2750

All eyes will be on Cyprus today, as local banks will re-open their doors to the public after the long bank holiday. Among other measures intended to prevent a bank run, withdrawals would be limited to €300.

At the moment the cross is up 0.20% at 1.2804 with the next resistance at 1.2922 (MA10d) ahead of 1.3050 (high Mar.25) and finally 1.3107 (high Mar.15).
On the downside, a break below 1.2730 (low Nov.19) would aim for 1.2685 (weekly cloud base) and then 1.2680 (61.8% of 1.2042-1.3711).

Forex: EUR/USD knocks on fresh 4-month lows at 1.2750; it's the worst behind?

EUR/USD could not manage to hold above previous 2013 lows around the 1.2825 level, and broke below it printing fresh 4-month lows at 1.2751 in early New York Wednesday's session. Widening sovereign spreads in the EZ periphery and political instability in Italy were among the reasons behind, despite the fact Bloomberg reported on a document signaling Cyprus deal was not in any case a “template” for further banking crisis in the EZ.
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