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20 Mar 2013
Forex: EUR/USD around 1.2880/85 ahead of German data
FXstreet.com (Barcelona) - The single currency is orbiting around 1.2880/85 on Wednesday, ahead of the German Producer Prices due next. Prior surveys expect prices to rise 1.5% annually and 0.2% on a monthly basis in February, lower than January’s 1.7% and 0.8%, respectively.
There is no news in the Cyprus’s front after the Parliament yesterday rejected the levy on deposits, opening the door for another period of uncertainty.
The cross is now up 0.13% at 1.2885 with the next resistance at 1.2970 (high Mar.19) followed by 1.3009 (MA10d) and then 1.3074 (MA21d).
On the flip side, a breakdown of 1.2844 (low Mar.19) would expose 1.2827 (low Nov.22) and finally 1.2730 (low Nov.19).
There is no news in the Cyprus’s front after the Parliament yesterday rejected the levy on deposits, opening the door for another period of uncertainty.
The cross is now up 0.13% at 1.2885 with the next resistance at 1.2970 (high Mar.19) followed by 1.3009 (MA10d) and then 1.3074 (MA21d).
On the flip side, a breakdown of 1.2844 (low Mar.19) would expose 1.2827 (low Nov.22) and finally 1.2730 (low Nov.19).