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19 Mar 2013
Forex Flash: EUR/USD should struggle around 1.2910 - BNZ
FXstreet.com (Barcelona) - For today, in view of Mike Jones, FX strategist at BNZ, the new established uncertainty and risk averse mood "will keep the USD well supported" he says.
Mr. Jones adds: "EUR/USD should struggle to sustain bounces towards 1.2910, with a break below 1.2800 now the bigger risk. Key event risk for the USD will come from tomorrow morning’s FOMC minutes. These seem unlikely to surprise, but a modest downgrade of the FOMC’s US economic view could provide pause in the USD uptrend."
Mr. Jones adds: "EUR/USD should struggle to sustain bounces towards 1.2910, with a break below 1.2800 now the bigger risk. Key event risk for the USD will come from tomorrow morning’s FOMC minutes. These seem unlikely to surprise, but a modest downgrade of the FOMC’s US economic view could provide pause in the USD uptrend."