FXstreet.com (Barcelona) - The EUR/USD rose throughout the Asian session from the lower 1.30s to 1.3066 high, but the European opening sent the pair back down in a day with practically no economic calendar. The pair eventually found support at 1.3025 and is bouncing back to its daily highs.
ECB's Mersch is concerned about talks regarding more Greek debt restructuring, that Greece has to resume its reform programme. New steps towards fiscal union must be taken. Greece and Portugal will have their current account data released today.
“The market is well placed to challenge the 1.3173/80 resistance – this is the recent high and double Fibonacci resistance”, wrote Commerzbank analyst Karen Jones, pointing to the likelihood of a break through this resistance.
ECB's Mersch is concerned about talks regarding more Greek debt restructuring, that Greece has to resume its reform programme. New steps towards fiscal union must be taken. Greece and Portugal will have their current account data released today.
“The market is well placed to challenge the 1.3173/80 resistance – this is the recent high and double Fibonacci resistance”, wrote Commerzbank analyst Karen Jones, pointing to the likelihood of a break through this resistance.
