FXstreet.com (Barcelona) - The Euro has posted a modest pick up during Thursday's Asian session, as the negativer influence from concerns about Eastern European Banks seems to start loosing strength. The Euro has bounced up from 1.2525 to reach a high of 1.2596.
Anyway the Euro seems to be under a rather strong bearish pressure and seems difficult for the European currency to take 1.2630 resistance level. At the monument, 1.2560 is the nearest support line, and rupture of that level would set 1.2525 on focus again. Below here, 1.2422 (Nov 21 low) would come into play.
EUR/JPY has been moving from 117.40 and 118.00 but the pair looks more oriented to the downside, decided to break 117.40 on its way towards 117.00.