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EURUSD Drops On Comments That EU Will Not Save Greece
01/06/10 by Daily Forex Snapshots
Filed under Forex & Futures
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The USD’s gradual recovery in the latter part of yesterday has accelerated at the start of today’s European session, led primarily by a sell-off in EURUSD. After spending much of the Asian session trading sideways in a 30 pip range, EURUSD plunged from 1.4350 levels down to 1.4284 at the European open, prompted by comments from the ECB’s Stark that the EU would not save Greece. From a technical… | ||||||||||||||||||||
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