EUR/USD remains well-supported following the positive developments in Europe after Greece gets an approval for its most recent tranche of aid, HSBC Chief Manager Daniel Brdanovic says. The pair looks well-supported at 1.3100 and needs to close above this level to move toward its resistance at 1.3200. The developments on Greece are "progressing quite nicely," he notes. "I think the bigger risk now is the US fiscal cliff ... We are getting closer and closer to the deadline without much resolution," Brdanovic says. EUR/USD is at 1.3078 in early New Zealand.
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