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21 Mar 2013
Forex: EUR/USD eases to 1.2925 on French PMI
FXstreet.com (Barcelona) - The bloc currency dips further after the flash manufacturing PMI in France remained at 43.9 in March, coming in short of expectations at 44.3
Next on tap will be German PMI figures, expected to improve a tad to 50.5 from 50.3 in the manufacturing component and to 44.0 from 43.7 in the services print.
There are no further news in the Cypriot front, just rumours involving a smaller levy on deposits as part of the new discussions after the Parliament rejected the bailout terms.
At the moment, the cross is down 0.15% at 1.2924 and a drop beyond 1.2878 (MA200d0 would aim for 1.2865 (Lower Bollinger) and then 1.2844 (low Mar.19).
On the flip side, resistance levels line up at 1.2979 (high Mar.20) followed by 1.3032 (MA21d) and then 1.3128 (MA100d).
Next on tap will be German PMI figures, expected to improve a tad to 50.5 from 50.3 in the manufacturing component and to 44.0 from 43.7 in the services print.
There are no further news in the Cypriot front, just rumours involving a smaller levy on deposits as part of the new discussions after the Parliament rejected the bailout terms.
At the moment, the cross is down 0.15% at 1.2924 and a drop beyond 1.2878 (MA200d0 would aim for 1.2865 (Lower Bollinger) and then 1.2844 (low Mar.19).
On the flip side, resistance levels line up at 1.2979 (high Mar.20) followed by 1.3032 (MA21d) and then 1.3128 (MA100d).