Tuesday, 13 November 2012

EUR/USD Lower, Support At 1.2653 - Dealer


The EUR/USD is edging lower amid lingering concerns over Greece's bail-out, says a senior dealer at a major Japanese trust bank, adding that focus is on the results of Greece's key T-bill auction Tuesday. He tips support for the pair at 1.2653, and if this level is breached, at 1.2613. "The trend shows the pair prone to downside risks," he says. EU Chief Juncker earlier said following a Euro zone finance ministers meeting that he expects the decision on Greece's next bailout disbursement will be made at the next meeting on November 20. The EUR/USD is at 1.2694.

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