EURUSD: Recovering With Caution.
SigmaLiveTV: #Cyprus President to address the nation at 19:00(athen time)
http://forexgrandmasters.com/2013/03/17/cyprus-parliament-session-rescheduled-march-18-4-p-m/
lets see how the euro react market will open in 4-5 hours
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EURUSD: EUR halted its medium term weakness and turned higher the past week suggesting further upside. It will have to follow through higher in the new or risk a return to the 1.2911 level followed by the 1.2882 level where a halt could occur and turn it higher. However, if this level breaks, expect further declines to occur towards the 1.2700 level. On the upside, to continue its recovery it will have to extend it to the 1.3250 followed by the 1.3318 level. All in all, EUR continues to retain its downside bias though recovering.