FXstreet.com (Barcelona) - The shared currency has climbed as high as 1.2728 following comments by ECB’s J.C.Juncker ruling out any disputes with the IMF. In the same tone, the German newspaper Bild Zeitung has informed the likeliness that Greece could get financial aid worth €44 billion in one go. German official, in the meantime, has commented that there is still no decision regarding Greek loans.
The cross is has now reversed direction, advancing 0.01% at 1.2712 with the next resistance at 1.2728 (high Nov.13) ahead of 1.2739 (high Nov.12) then 1.2791 (high Nov.9) and 1.2798 (MA10d).
On the downside, a breach of 1.2661 (low Nov.13) would clear the way to 1.2627 (low Sep.7) then 1.2607 (50% of 1.2042-1.3173) and 1.2600 (psychological level).