FXstreet.com (Córdoba) - The euro bounced from a 3-week low against the dollar on comments from German FinMin on euro bonds. Wolfgang Schaeuble said Germany could agree to some form of debt mutualization as soon as Berlin is convinced that the path towards establishing centralized European controls over national fiscal policy is irreversible, WSJ reported.
EUR/USD jumped toward the 1.2460 area from around 1.2420 before comments hit the wires. The pair had bottomed out at 1.2406 earlier during the European session on expectations that EU summit will fail to agree concrete measures to tackle the euro zone debt crisis.
At time of writing, EUR/USD is trading at the 1.2450 zone, still down 0.1% on the day. In terms of technical levels, immediate resistances are seen at 1.2475, 1.2500 and 1.2530, while supports could be found at 1.2440, 1.2406 and 1.2385.
EUR/USD jumped toward the 1.2460 area from around 1.2420 before comments hit the wires. The pair had bottomed out at 1.2406 earlier during the European session on expectations that EU summit will fail to agree concrete measures to tackle the euro zone debt crisis.
At time of writing, EUR/USD is trading at the 1.2450 zone, still down 0.1% on the day. In terms of technical levels, immediate resistances are seen at 1.2475, 1.2500 and 1.2530, while supports could be found at 1.2440, 1.2406 and 1.2385.
