FXstreet.com (Barcelona) - The single currency is printing fresh session lows, dipping to the proximities of 1.2540 on comments by Germany’s CDU leader Kauder. The official has stated that Germany can’t give Greece more money and that Greece must fulfill its commitments. The official also said that an exit of Greece wouldn’t be a problem.
Ahead in the day, the meeting between A.Merkel and A.Samaras will be closely watched by investors, while Durable Good orders will be released in the US.
EUR/USD is losing 0.12% at 1.2543 as fo writing, with the immediate support at 1.2535 (hourly low Aug.23) would bring 1.2515 (hourly low Aug.22) then 1.2488 (high Aug.21) and 1.2431 (low Aug.22).
On the upside, a break above 1.2608 (high Jul.4) would bring 1.2627 (high Jul.3) then 1.2663 (50% of 1.3284-1.2042) and 1,2693 (high Jun.29).
Ahead in the day, the meeting between A.Merkel and A.Samaras will be closely watched by investors, while Durable Good orders will be released in the US.
EUR/USD is losing 0.12% at 1.2543 as fo writing, with the immediate support at 1.2535 (hourly low Aug.23) would bring 1.2515 (hourly low Aug.22) then 1.2488 (high Aug.21) and 1.2431 (low Aug.22).
On the upside, a break above 1.2608 (high Jul.4) would bring 1.2627 (high Jul.3) then 1.2663 (50% of 1.3284-1.2042) and 1,2693 (high Jun.29).
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