FXstreet.com (Barcelona) - After an almost 40-pip rally to 1.2479 high obtained during the European session, the EUR/USD eased to 1.2465 area, where it sits as the market waits for headlines coming from the Samaras-Juncker meeting. The pair is trading slightly lower on the day, consolidating yesterday’s gains.
The German bond auction results show a sale of €4.083B of 2-year paper at zero yield, little above of July’s -0.06%. The Dutch Finance Minister is against giving Greece more time for spending cuts and reforms.
“A local high has been set at 1.2488 and current slide is just a corrective pullback, preceding next wave upwards, to 1.2560”, wrote Deltastock.com analyst Stoyan Mihaylov, pointing to support at 1.2440 and 1.2380.
The German bond auction results show a sale of €4.083B of 2-year paper at zero yield, little above of July’s -0.06%. The Dutch Finance Minister is against giving Greece more time for spending cuts and reforms.
“A local high has been set at 1.2488 and current slide is just a corrective pullback, preceding next wave upwards, to 1.2560”, wrote Deltastock.com analyst Stoyan Mihaylov, pointing to support at 1.2440 and 1.2380.
