Session Recap: Euro pressured on Cyprus vote

FXstreet.com (San Francisco) - The Euro traded heavy on Tuesday as Cyprus situation pressured down the single currency against its majors competitors. The Cypriot parliament rejected the bank-deposit levy proposal with no votes in favor and in this line, Cyprus blocked the €10Bn bailout.

The EUR/USD losses all of the Monday recovery from gap to reach the lowest level since November22 at 1.2845. The same situation in the EUR/GBP with the pair testing the 0.8500 level for first time since February 11 and the EUR/JPY which pair is trading below the 122.50 mark.

GBP/USD and USD/JPY trade on ranges, the USD/CAD advanced to test the 1.0280 and the AUD/USD declined to 1.0350.

Main headlines in the American Session:

American equity markets recovery Tuesday

The euro continues to be sedated around 1.2950

Forex: USD/CAD falls off session highs to 1.0255/58

Forex: GBP/USD erases gains, down to 1.5080

Fundamental Afternoon Wrap: No escaping the Cypriot storm

Forex: GBP/USD pares losses to trade at 1.5130/31

Cypriot Finance Minister resigns

Forex: USD/JPY plunges to 94.77/78

Forex: EUR/USD collapsing to 2013 lows after Cypriot Fin Min resignation

Forex: EUR/GBP dips to lows around 0.8510/15

Forex: USD/CAD advances further to trade above the 1.0275 level

Cyprus in flux as support for levy hangs in the balance

Forex: EUR/USD keeps the 1.2875/85 after parliamentary vote

Cypriot parliament rejects bank-deposit levy

Forex: EUR/USD hovering over 1.2880

Cypriot levy rejected, European leaders weigh in

Wall Street closes mixed on European situation