FXstreet.com (Barcelona) - As the European session goes by and the New York opening is seen on the horizon, the EUR/USD is attempting to return to the daily high obtained in early European morning, at 1.2433.
Worsening Germany and Italian data aren’t taking out the higher risk sentiment also seen in equity markets. The Italian government won a confidence vote in the lower house on extra spending cuts. The Spanish and the Italian 10-year debt yield are at 6.76% and 5.95%, respectively at the secondary market.
“Scope remains for the move to the top of the short term channel at 1.2513, where ideally we will see failure”, wrote Commerzbank analyst Karen Jones, pointing to support at 1.2290/1.2325.
Worsening Germany and Italian data aren’t taking out the higher risk sentiment also seen in equity markets. The Italian government won a confidence vote in the lower house on extra spending cuts. The Spanish and the Italian 10-year debt yield are at 6.76% and 5.95%, respectively at the secondary market.
“Scope remains for the move to the top of the short term channel at 1.2513, where ideally we will see failure”, wrote Commerzbank analyst Karen Jones, pointing to support at 1.2290/1.2325.
