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28 Mar 2013
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).
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).