The underwhelming Spanish bond auction was one of the triggers for another massive sell off in European stocks and peripheral bonds. The euro joins the sell off and has touched 1.2704, around a 100 pips from the levels seen earlier. The euro is also falling against the pound, with EUR/GBP losing 0.80 once again. Also EUR/JPY is falling as the yen enjoys the risk off environment. However, commodity currencies are falling with the euro. The euro did manage to rally very nicely yesterday, riding on the sell off in the US dollar. This was triggered by poor retail sales numbers in the US. However, we are now back to reality and even to the debt crisis fears of 2012. It is important to remember that the US is still “the cleanest dirty shirt”, and the euro-zone is far behind. The upgrade of core CPI was only enough for a dead cat bounce. Support is holding nicely so far at 1.27. Below this level we have 1.2660. Resistance awaits at 1.2750 but it is weakening. Much stronger resistance appears at 1.2850. Here are the Levels To Targets In Risk-Off for EUR/USD, Cable, SP500 – JP Morgan Here is the chart showing the move: Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next WTI Crude Oil < $80 - Canadian dollar pressured Yohay Elam 9 years The underwhelming Spanish bond auction was one of the triggers for another massive sell off in European stocks and peripheral bonds. The euro joins the sell off and has touched 1.2704, around a 100 pips from the levels seen earlier. The euro is also falling against the pound, with EUR/GBP losing 0.80 once again. Also EUR/JPY is falling as the yen enjoys the risk off environment. However, commodity currencies are falling with the euro. The euro did manage to rally very nicely yesterday, riding on the sell off in the US dollar. This was triggered by poor retail sales numbers… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
