FXstreet.com (Barcelona) - EUR continues suffering on risk aversion today's session. Last hour, the pair has fallen around 60 pips from 1.3021 to reach a fresh intra-week at 1.2964 as risk aversion on fears related to swine flu and Fed reports asking Citi and BoA to raise additional capital.
Currently the pair is trading around 1.2990/1.3000 after losing 0.22% so far today from opening price at 1.3023.
The Swiss e Trade Strategy Team says: The pair is consolidating its lower levels in this European morning and is currently trading at 1.3010. Some upward movements may set in soon, testing the 1.3050 resistance but not breaking it. Later, further weakness is likely, leading to prices around 1.2950.
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