FXstreet.com (Barcelona) - In another volatile trading day, both Europeans attempt to rise failed at the end of American session. Despite a good bounce in stocks after an almost 12 years low, and comments of Ben Bernanke that recovery will take more than two or three years, Gbp/Usd close under the 1.4500 level. The pair remains bearish in bigger charts, but well supported at 1.4380 zone. Break under that level could put some pressure on the Pound.
Euro moved again in wide ranges, testing the 1.2880 zone in the peak of market optimism and closing the day substantially higher versus the dollar and the yen. However financial banks issues are not over, as Standard & Poor continue cutting bank status, last Tuesday was Latvia turn, adding negative pressure to Eastern Europe countries.