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22 Mar 2013
Forex: EUR/USD keeps pushing higher, above 1.2950
FXstreet.com (Barcelona) - The single currency is advancing firmly on Friday, hovering over the 1.2950 area as Cyprus remains in centre stage. The government spokesman informed that the upcoming hours will be decisive for the country, as the parliament gets ready to vote on Cyprus’s permanence as a member of the euro bloc.
In the meantime, the cross is printing fresh highs above 1.2950 on hopes of a last-minute agreement that can save the country.
EUR/USD is now up 0.45% at 1.2954
Next resistance levels align at 1.2966 (MA10d) ahead of 1.2979 (high Mar.20) and then 1.3017 (MA21d).
On the flip side, a breakdown of 1.2879 (MA200d) would aim for 1.2844 (low Mar.19) and finally 1.2827 (low Nov.22).
In the meantime, the cross is printing fresh highs above 1.2950 on hopes of a last-minute agreement that can save the country.
EUR/USD is now up 0.45% at 1.2954
Next resistance levels align at 1.2966 (MA10d) ahead of 1.2979 (high Mar.20) and then 1.3017 (MA21d).
On the flip side, a breakdown of 1.2879 (MA200d) would aim for 1.2844 (low Mar.19) and finally 1.2827 (low Nov.22).