Forex: EUR/USD keeps the red on ECB decision

FXstreet.com (Barcelona) - The single currency attempted a tepid rebound to the area of 1.2830 after the ECB left unchanged the repo rate at 0.75% on Thursday, broadly in line with market consensus. Market participants would now shift their focus on the press conference by President M.Draghi, with recent events in Cyprus in the limelight.

At the moment, the cross is losing 0.25% at 1.2815 and a breakdown ofc1.2751 (low Mar.27) would open the door 1.2730 (low Nov.19) and finally 1.2680 (61.85 of 1.2042-13711).
On the flip side, resistance levels line up at 1.2878 (high Apr.2) followed by 1.2890 (MA200d) and then 1.2920 (MA21d).