EUR/USD is on the rise and already poked the 1.30 line. There are reports that the Cypriot politicians may reach an agreement regarding the controversial bank levy after a dramatic week. The March 25th deadline of the ECB looms. We already mentioned that any rise could be a sell opportunity. Is this a sell opportunity? Or are there reasons to be cheerful? The EU wants to see 5.8 billion euros from a one time bank levy, in return for the bailout. The original agreement was for 6.7% on accounts up to 100K and 9.9% beyond. Accounts of up to 100K were supposed to be insured in the EU. Even if the Cypriot parliament ... (full story)