Forex: EUR/USD steady around 1.2500 after ECB's Asmussen remarks
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EUR/USD
FXstreet.com (Córdoba) - After losing over 70 pips and briefly sliding below 1.2500, the euro entered in a consolidative stage during the American afternoon although at lower levels.
Ahead of the risk event of the week, Fed's Bernanke speech in Jackson Hole, the shared currency barely reacted to ECB's member Asmussen, who said that the ECB will only intervene in bond markets in parallel with the EFSF and later the ESM, and that the IMF should be involved in any bailout program for struggling euro zone countries.
EURUSD is currently quoting at the 1.2500/05 area, still down 0.2% on the day. As for technical levels, next supports could be found at 1.2485, 1.2460 and 1.2430, while on the upside, resistances could now be found at 1.2530, 1.2565 and 1.2590.
Ahead of the risk event of the week, Fed's Bernanke speech in Jackson Hole, the shared currency barely reacted to ECB's member Asmussen, who said that the ECB will only intervene in bond markets in parallel with the EFSF and later the ESM, and that the IMF should be involved in any bailout program for struggling euro zone countries.
EURUSD is currently quoting at the 1.2500/05 area, still down 0.2% on the day. As for technical levels, next supports could be found at 1.2485, 1.2460 and 1.2430, while on the upside, resistances could now be found at 1.2530, 1.2565 and 1.2590.
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