FXstreet.com (Barcelona) - The EUR/USD was able to correct Asian session losses and bounce from 1.2082 low to edge higher on Monday, above the opening price of 1.2121. The pair is still retracing the weekend’s price gap as it edges higher. The European morning rally has sent it as high as 1.2139.
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”.
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”.
