FXstreet.com (Barcelona) - The pair is markedly lower on Thursday, after the Philly manufacturing index posted an unexpected -16.6 in June, badly missing expectations and intensifying the selling pressure in the risk associated assets.
The single currency and the sterling are both plummeting to session lows against the buck, challenging the 1.2600 mark and the mid 1.56s respectively. Rumours about agency Moody’s waiting until the NA close to downgrade many major banks in the euro zone and in the UK have been doing the rounds since midday in Europe.
At the moment, the pair is losing 0.24% at 0.8056, facing the immediate support at 0.8012 (low Jun.12) ahead of 0.7990 (low May 31) and 0.7971 (low May 30).
On the upside, a breakout of 0.8102 (MA55d) would bring 0.8148 (MA21d) and 0.8163 (high Jun.11).
The single currency and the sterling are both plummeting to session lows against the buck, challenging the 1.2600 mark and the mid 1.56s respectively. Rumours about agency Moody’s waiting until the NA close to downgrade many major banks in the euro zone and in the UK have been doing the rounds since midday in Europe.
At the moment, the pair is losing 0.24% at 0.8056, facing the immediate support at 0.8012 (low Jun.12) ahead of 0.7990 (low May 31) and 0.7971 (low May 30).
On the upside, a breakout of 0.8102 (MA55d) would bring 0.8148 (MA21d) and 0.8163 (high Jun.11).
