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2 May 2013
Forex: EUR/USD around 1.3200 after ECB
FXstreet.com (Barcelona) - The single currency is resuming the upside towards the key resistance at 1.3200 on Thursday, after the ECB delivered a 25 bp rate cut, taking the refi rate to 0.50%, broadly in line with market expectations. The central bank left the deposits rate unchanged at 0.0% and cut 50 bp the lending rate to 1.0%.
At the moment, the cross is up 0.18% at 1.3204 and a break above 1.3243 (high May 1) would aim for 1.3319 (high Feb.25) en route to 1.3343 (61.8% of Feb-Apr slide).
On the flip side, support levels are located at 1.3120 (hourly high Apr.30) ahead of 1.3065 (MA21d) and finally 1.2988 (low Apr.25).