Forex: EUR/USD finds ground' at 1.2265
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EUR/USD
FXstreet.com (Barcelona) - Although still not very stable, yesterday's low (1.2267) area is providing support for the EURUSD early European morning, having however gave in once to a low at 1.2256 ahead of the American opening.
US import prices below expectations and export prices above expectations in July didn't trigger any sort of sustained move in the chart. Meanwhile, it is known Greek officials will have a meeting with the Troika today and Spain has cancelled its August 16 bond auction.
"The recent slide below 1.2330 sets the focus at 1.2220 support area and current intraday outlook is bearish below 1.2330 resistance area", wrote Deltastock.com analyst Stoyan Mihaylov, favoring a reversal above 1.2220 to trigger a rise towards 1.2509.
US import prices below expectations and export prices above expectations in July didn't trigger any sort of sustained move in the chart. Meanwhile, it is known Greek officials will have a meeting with the Troika today and Spain has cancelled its August 16 bond auction.
"The recent slide below 1.2330 sets the focus at 1.2220 support area and current intraday outlook is bearish below 1.2330 resistance area", wrote Deltastock.com analyst Stoyan Mihaylov, favoring a reversal above 1.2220 to trigger a rise towards 1.2509.
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