Forex Flash: EUR/USD, weekly close below 200-day MA exposes 1.2650 - TDS

FXstreet.com (Barcelona) - After breaking the 200-day MA at 1.2875 on Tuesday, the TDS team notes that "a weekly close below 1.2874 should be a strong enough signal to indicate a likely extension of the weak trend in the EUR to 1.2650 or so at least."

Mar 20, 2013

Forex: NZD/USD pressured below 0.8250

Even though recent calls for Kiwi overvaluation coming from the IMF or NZ Finance Minister Bill English yesterday, NZD/USD is last at 0.8235, off session lows at 0.8224, retracing from Monday's NY session close weekly highs at 0.8273. The pair managed to close the weekly opening gap to 0.8216 lows on Cyprus bailout conditions fears, but it has not been able to move any higher for the week so far.

Forex: USD/JPY kept below 95.00, sellers dominant s/t

After the down-gap close last Monday, the USD/JPY saw pressure intensify at the 95.70 high, leading to a retracement which accelerated as low as 94.70 once the Cyprus no vote on the bank levy was confirmed.