Now the pair is seen bouncing to retest 1.2100 line. Bank of Spain’s Restoy is stating the urgency of an European banking union. The Spanish 10-year yield was seen at 7.55% today.
“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”.