Euro levels at 1.2600,Finexo Forex Broker
The Euro fell for a second day yesterday as concerns escalated that region’s most-indebted nations will continue struggle to contain their deficits. The single currency slipped about 0.2% to trade around $1.2642 during the late U.S session yesterday.
The Euro continues to slide against the U.S Dollar, testing the support levels at 1.2600. The imminent resistance can be seen at 1.2660 levels. The market will watch to what degree the Euro Zone and the IMF are committed to solve the debt crisis and if these authorities will be able to increase taxes and cut spending.
Not a finexo forex online trading user, yet? Register here.
