FXstreet.com (Barcelona) - Despite news of rising unemployment rate in Greece to 22.5% and EMU’s industrial production already down by -2.8% (annualized) in June, the EUR/USD is still away from stepping outside the 1.2200 ground.
The pair reached as low as 1.2207 and bounced back to yesterday’s low of 1.2213, where it sits relatively still in that surrounding area.
“The currency pair EUR/USD continues its downward trend and we expect to test 1.2150. Only eventual break above 1.2406 could change negative attitudes”, wrote Deltastock.com analyst Stoyan Mihaylov.
The pair reached as low as 1.2207 and bounced back to yesterday’s low of 1.2213, where it sits relatively still in that surrounding area.
“The currency pair EUR/USD continues its downward trend and we expect to test 1.2150. Only eventual break above 1.2406 could change negative attitudes”, wrote Deltastock.com analyst Stoyan Mihaylov.
