Good morning,
Quiet price action ovenight after a very busy day yesterday that took EURUSD down to 1.3067 after reaching 1.3350 on the Irish bailout announcement.
The market has decided to continue to attack the EURO and now Portugal and Spain credibility are the targets.
I have resistances in the 1.3115-25 area to start with with 1.3150-60 thereafter. On the downside, supports are around 1.3070-80 area before 1.3015-35.
I have gone short on the first resistance levels with a target of around 1.3030.
Have a good day,
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