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Forex: EUR/USD keeps falling, round 1.2755/60

FXstreet.com (Barcelona) - The selling interest in the shared currency is now picking up pace, dragging the cross to the vicinity of 1.2760

Against the backdrop of increasing jitters on Cyprus, Strategist Jane Foley at Rabobank argued “Despite the efforts of various Eurozone politicians to reassure depositors that Cyprus’s banking bail in will not be used as a template, they will find it difficult to re-seal the can of worms”.

At the moment, the cross is losing 0.74% at 1.2760 and a drop beyond 1.2730 (low Nov.19) would open the door to 1.2662 (low Nov.13) and finally 1.2627 (low Sep.7).
On the upside, resistance levels line up at 1.2922 (MA10d) followed by 1.3050 (high Mar.25) and then 1.3107 (high Mar.15).

Forex Flash: What does the EUR/USD have to offer? – Commerzbank and UBS

The single currency is grinding lower on Wednesday, trading in the area of 1.2770/75, levesl last seen in November, as jitters on Cyprus and poor euro zone data have been weighting on the cross...
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American equity markets fall on European concerns

The US Stock market edged lower Wednesday on European concerns, which have run rampant out of Italy, and coupled with weak Confidence in the Eurozone, has left investors spooked. Beginning with the indices and composites, the NASDAQ fell -0.65% as it settles in region of 3231.51, down -21.03 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1554.58, descending -9.48 points or -0.61% at the time of writing. Finally, the Dow Jones has edged lower at the opening, trading in the zone of 14465.88, presently -0.64% after a movement of -93.77 points.
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