The IMF cut off to Greece rumor is still to be confirmed. Meanwhile, the Spanish 10-year yield is around 7.50%. The Eurostat reported today that the public debt in the Euro area has risen to 88.2% in Q1 2012.
“The couple moved permanently below the critical level of 1.2161 and new target is 1.2000, then 1.1880”, wrote Deltastock.com analyst Stoyan Mihaylov. “Rise above 1.2161 and retention can give conditions for test of 1.2220”.