Cyprus bailout: Cyprus became the fifth nation requiring a bailout from the eurozone adding to a growing list that included Greece, Italy, Spain and Portugal. This news over the weekend shook up the forex market, hammering the EUR as well as boosting the safe-haven USD across the board. The EUR/USD opened with a dip from 1.3075 to 1.29, showing a huge gap in retail forex charts. Support Levels: What are the upcoming support levels this week that can give the EUR/USD a relief once the news is digested? The daily chart shows that 50% retracement of the July-Feb rally (1.2041-1.3710), is at 1.2875. It should be noted ... (full story)