Forex: EUR/USD plunges on Juncker statements

FXstreet.com (Barcelona) - The risk off sentiment was growing ahead of US data after the weak and below consensus PPI release in Europe.

EU’s Jean Claude Juncker said that the Greek PSI talks are being “ultradifficult” and acknowledges Greece’s efforts of the last two years. About Monday’s EU-summit, he showed disappointment on its reach.

The statements damaged the EUR/USD stability around 1.3130/50 and sent it to a plunge below 1.3100. At the moment of writing, the pair is quoting at 1.3090 and is still pushing further to the downside.

Deltastock.com analyst Stoyan Mihaylov indicated 1.3090 as key support.

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