Forex Trading: EURUSD Heads Below 1.3500 As Greek Comments Weigh.
The EURUSD has headed back below the 1.3500 level. The Greek Deputy PM Theodoros Pangalos, was on the wires saying that the Germans want to the EURO to weaken to boost exports. He also added that Germany allows its banks to speculate against Greece. This internal bickering is not what the EU needs as it deals with the crisis. Germany’s Merkel continues to chatter about Greek getting its own debt in order.
Next support at 1.3460 for the pair. On the topside 1.3500 and then 1.3513 is now the resistance.
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