Forex: EUR/USD declines to weekly open
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EUR/USD
FXstreet.com (Barcelona) - EURUSD's decline this afternoon has accelerated to see spot confirm and nudge past the weekly open at 1.2702.
In a US session absent any major fundamental data, commentary from previous Fed Chairman Greenspan, commenting that "Markets will crater if the US can't sort out the fiscal cliff" alongside words from the ECB's Noyer who remarked that it is up to Government and the IMF to decide if Greece needs more money or time. The move lower looks to have found a bit of support at S2 at 1.2681 whilst it considers its next move ahead. Elsewhere US stocks have opened lower alongside commodities
In a US session absent any major fundamental data, commentary from previous Fed Chairman Greenspan, commenting that "Markets will crater if the US can't sort out the fiscal cliff" alongside words from the ECB's Noyer who remarked that it is up to Government and the IMF to decide if Greece needs more money or time. The move lower looks to have found a bit of support at S2 at 1.2681 whilst it considers its next move ahead. Elsewhere US stocks have opened lower alongside commodities
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