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26 Mar 2013
Forex: EUR/USD sidelined around 1.2875/80
FXstreet.com (Barcelona) - The bloc currency is flat-lined around 1.2870/75 on Tuesday, ahead of the French Consumer Confidence for the month of March. Prior surveys expect the headline to come in a tad lower to 85 vs. 86 previous.
The euro remains stable in the vicinity of the 200-day moving average, dragged lower after the unfortunate comments by Eurogroup Head, J.Djisselbloem, on Monday hinting at the chance that Cyprus could be a template for next similar cases.
At the moment, the cross is up 0.23% at 1.2879 facing the next hurdle at 1.2950 (MA200h) ahead of 1.3107 (high Mar.15) and then 1.3135 (high Mar.8).
On the downside, a breach of 1.2829 (low Mar.22) would expose 1.2730 (low Nov.19) and finally 1.2700 (161.8% of Feb.1-2011).
The euro remains stable in the vicinity of the 200-day moving average, dragged lower after the unfortunate comments by Eurogroup Head, J.Djisselbloem, on Monday hinting at the chance that Cyprus could be a template for next similar cases.
At the moment, the cross is up 0.23% at 1.2879 facing the next hurdle at 1.2950 (MA200h) ahead of 1.3107 (high Mar.15) and then 1.3135 (high Mar.8).
On the downside, a breach of 1.2829 (low Mar.22) would expose 1.2730 (low Nov.19) and finally 1.2700 (161.8% of Feb.1-2011).