Technically this pair has successfully bounce up from the bullish trend line and trying to test the 1.317 Resistance level.
a failure to break this resistance level, we have 1.28 as support with a possibility to reach 1.26 if it breaks
while to the upside the next resistance is at around 1.3475.
We have Monti-Hollande-Rajoy meeting today,
Rajoy, Hollande and Monti will attend the Mediterranean Summit in Malta today and the trio will probably bring up the topic of Spanish aid when they gather on the sidelines. The meeting takes place at the summit of the group "Five plus Five", a dialogue forum involving countries on both shores of the Mediterranean Sea and meets for the first time at the highest level since the outbreak of the Arab Spring.
a failure to break this resistance level, we have 1.28 as support with a possibility to reach 1.26 if it breaks
while to the upside the next resistance is at around 1.3475.
We have Monti-Hollande-Rajoy meeting today,
Rajoy, Hollande and Monti will attend the Mediterranean Summit in Malta today and the trio will probably bring up the topic of Spanish aid when they gather on the sidelines. The meeting takes place at the summit of the group "Five plus Five", a dialogue forum involving countries on both shores of the Mediterranean Sea and meets for the first time at the highest level since the outbreak of the Arab Spring.