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Forex pairs in this Article » EUR/USD (Barcelona) - The single currency continues to print new highs, this time in the vicinity of 1.2825 ahead of a shorter session in the US markets, with the Black Friday shopping grabbing all the attention across the pond.

Jane Foley, Senior Currency Strategist at Rabobank argues "while the EUR has pushed higher against around half the currencies in the G10 space over the past session or so, much of the support from EURUSD is stemming from weakness in the USD which is the poorest performing G10 currency over the past session or so". While the so-called 'fiscal cliff' already jittering the markets and the likeliness of further easing by the Fed towards year-end, the expert concludes that the cross would likely remain between 1.2800 and 1.3000

EURUSD is now up 0.27% at 1.2919
Next resistance lies at 1.2915 (MA55d) en route to 1.2950 (high Nov.2) and then 1.2983 (high Nov.1).
On the flip side, dips below 1.2827 (MA21d) would open the door to 1.2825 (MA21d) and then 1.2730 (low Nov.19).
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