Forex: EUR/USD on profit taking from 1.2899 on Asmussen vs Schaeuble

FXstreet.com (Barcelona) - Not only it's a technical question, as the EURUSD rallied to one pip away from the 1.2900 line, but it's a question of headlines. While German finance minister Schaeuble is against a public sector haircut of Greek debt, as it would mean to no more money for Greece, ECB's Asmussen challenges whoever is against such haircut to be prepared to move on other issues...

The EURUSD has retreated to 1.2880 so far and the European afternoon is trading thin as the US markets will not join today, closed for Thanksgiving.

"Current slide below 1.2870 high should be considered corrective and my outlook is positive above 1.2810 support, for a rise towards 1.3020", wrote Windsor Brokers analyst Slobodan Drvenica, pointing to 1.2736 as crucial on the downside.