FXstreet.com (Barcelona) - The newly printed 2-year low at 1.2067, last seen on Jun-11 2010, triggered a bounce movement to ease the oversold conditions of the NY opening plunge.
Although still very pressured by the debt market, with the 10-year yield still above 7.50%, the Spanish government will be discussing its situation with German officials possibly to reach an agreement for a €300B full bailout.
The IMF rejected rumors that it plans to cut off funding to Greece as the country finds itself behind schedule to meet its debt reduction targets of 2020.
“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”.
Although still very pressured by the debt market, with the 10-year yield still above 7.50%, the Spanish government will be discussing its situation with German officials possibly to reach an agreement for a €300B full bailout.
The IMF rejected rumors that it plans to cut off funding to Greece as the country finds itself behind schedule to meet its debt reduction targets of 2020.
“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”.
