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29 Mar 2013
Forex: EUR/USD hovering around 1.2800
FXstreet.com (Barcelona) - The single currency found support at the 1.2800 handle after selling interest dragged the cross from the area of 1.2840 overnight.
With US and European markets closed in observance of Good Friday holiday, the focus of attention would be another meeting between the Italian center-left leader, Pier Luigi Bersani, and the President Giorgio Napolitano. Recall that both leaders already met yesterday but the outcome was inconclusive, after Bersani’s attempts of forming a coalition government were unfruitful.
At the moment, the cross is down 0.07% at 1.2806 facing the next support at 1.2751 (low Mar.27) followed by 1.2730 (low Nov.19) and finally 1.2685 (weekly cloud base).
On the flip side, a breakout of 1.2867 (high Mar.27) would bring 1.2883 (MA200d) and then 1.2890 (high Mar.26).
With US and European markets closed in observance of Good Friday holiday, the focus of attention would be another meeting between the Italian center-left leader, Pier Luigi Bersani, and the President Giorgio Napolitano. Recall that both leaders already met yesterday but the outcome was inconclusive, after Bersani’s attempts of forming a coalition government were unfruitful.
At the moment, the cross is down 0.07% at 1.2806 facing the next support at 1.2751 (low Mar.27) followed by 1.2730 (low Nov.19) and finally 1.2685 (weekly cloud base).
On the flip side, a breakout of 1.2867 (high Mar.27) would bring 1.2883 (MA200d) and then 1.2890 (high Mar.26).