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25 Feb 2013
Forex: EUR/USD regains 1.3200
After dipping back to session lows in the vicinity of 1.3180, the bloc currency has managed to regain the key mark at 1.3200, as uncertainties regarding the final results from the Italian elections continue to weight on traders. Last polls’ results would be pointing to a victory of Berlusconi over Bersani in the north of the peninsula – Emilia Romagna, Veneto and Lombardia.
The Italian stock exchange is trading in red, although the yields of the benchmark bonds remains above Friday’s lows… so far.
At the moment the cross is posting meager gains at 1.3222 or 0.04% with the next resistance at 1.3330 (MA10d) ahead of 1.3415 (MA21d) and finally 1.3456 (high Feb.14).
On the flip side, a breach of 1.3146 (low Feb.22) would open the door to 1.3123 (MA100d) and then 1.3039 (low Jan.10).
The Italian stock exchange is trading in red, although the yields of the benchmark bonds remains above Friday’s lows… so far.
At the moment the cross is posting meager gains at 1.3222 or 0.04% with the next resistance at 1.3330 (MA10d) ahead of 1.3415 (MA21d) and finally 1.3456 (high Feb.14).
On the flip side, a breach of 1.3146 (low Feb.22) would open the door to 1.3123 (MA100d) and then 1.3039 (low Jan.10).