FXstreet.com (Barcelona) - The single currency is grinding lower on Monday, trading in levels last seen in late June 2010, ahead of inflation figures in the EU due later on.
Market participants will pay special attention to today’s IMF growth forecasts and to Chief Bernanke’s testimony in the US Senate later on in the week, after the soft tone of the FOMC minutes last week.
EUR/USD is now losing 0.21% at 1.2241 with the immediate support at 1.2162 ahead of 1.2151 then 1.2149 and 1.2132
On the flip side, a breakout of 1.2297 would bring 1.2334 then 1.2365 and 1.2401
Market participants will pay special attention to today’s IMF growth forecasts and to Chief Bernanke’s testimony in the US Senate later on in the week, after the soft tone of the FOMC minutes last week.
EUR/USD is now losing 0.21% at 1.2241 with the immediate support at 1.2162 ahead of 1.2151 then 1.2149 and 1.2132
On the flip side, a breakout of 1.2297 would bring 1.2334 then 1.2365 and 1.2401
