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Forex: EUR/USD hovering over 1.2815/20

FXstreet.com (Barcelona) - The bloc currency remains buoyant on Thursday in the vicinity of 1.2815/20, although retreating from session highs above 1.2840, as concerns on Cyprus seem to be at ease for now.

“With Cypriot banks reopening today the Euro has found some firmer footing, and has retaken $1.2800 against the US Dollar amid the lack of the bank run. Italian and Spanish yields continue to edge higher, however, as the political situation in Italy appears to be nearing the apex of its crescendo”, assessed Christopher Vecchio, Currency Analyst at DailyFX.

At the moment, EUR/USD is gaining 0.32% en 1.2819
Next resistance levels line up at 1.2867 (high Mar.27) followed by 1.2883 (MA200d) and finally 1.2890 (high Mar.26).
On the flip side, a break below 1.2751 (low Mar.27) would bring 1.2730 (low Nov.19) and finally 1.2685 (weekly cloud base).

Forex: USD/JPY testing the 94.00 level

The USD/JPY has broken lower during American trading Thursday, approaching the key 94.00 barrier. Though the cross is still operating above it at 94.06/07 in these moments, a decline of -0.32% has the pair reeling, though still well above session lows of 93.88, incurred earlier today European trading.
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Silver plunges lower below support, falls to $28.26

Silver spot prices have found themselves under siege Thursday during American trading after the joint forces of optimism surrounding the finality of Cyprus quagmire and strong US GDP data have compounded against the white metal. A waning spot price has made short work of support at 28.50, with prices steadfastly approaching the next measure of correction at 28.20. In these moments, the price of silver is negotiating a price of USD $28.26 per oz.
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