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22 Mar 2013
Forex: EUR/USD pressures 1.3000 again
FXstreet.com (Barcelona) - As more headlines come to surface, the EUR/USD regains its position at the 1.3000 to test the re-sistance there. It seems that the original plan of a levy on bank deposits is back on the game as an op-tion after the ECB rejecting the changes made by the Cypriot Parliament Committee.
Germany’s Schaeuble warned Cyprus over risk of default. The EUR/USD trades at the 1.3000 surrounding area now, up by +0.75% on the day.
“We will look for sell opportunities at possible reactions towards 1.2930-40 and 1.2965-75. Stop loss will be set above 1.3010 and our target at previous lows”, wrote Chartist analyst George Antonakos, pointing to sell orders at 1.3050-70 and 1.3100, with stop loss above 1.3140, of after a downward break of 1.2880 and 1.2850 with target at 1.2700.
Germany’s Schaeuble warned Cyprus over risk of default. The EUR/USD trades at the 1.3000 surrounding area now, up by +0.75% on the day.
“We will look for sell opportunities at possible reactions towards 1.2930-40 and 1.2965-75. Stop loss will be set above 1.3010 and our target at previous lows”, wrote Chartist analyst George Antonakos, pointing to sell orders at 1.3050-70 and 1.3100, with stop loss above 1.3140, of after a downward break of 1.2880 and 1.2850 with target at 1.2700.