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20 Mar 2013
Forex: EUR/USD keeps highs around 1.2955/60
FXstreet.com (Barcelona) - The risk-appetite is intensifying its momentum on Wednesday, pushing the shared currency to fresh weekly highs in the boundaries of 1.2980 although giving away some gains afterwards, as negotiations around Cyprus remain stalled.
the next big event for the single currency will be the FOMC gathering due in the European evening, although market participants remain sceptic about the likeliness of relevant announcements.
EUR/USD is up 0.67% at 1.2955 with the next resistance at 1.2992 (MA10d) followed by 1.3046 (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).
the next big event for the single currency will be the FOMC gathering due in the European evening, although market participants remain sceptic about the likeliness of relevant announcements.
EUR/USD is up 0.67% at 1.2955 with the next resistance at 1.2992 (MA10d) followed by 1.3046 (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).