FXstreet.com (Barcelona) - After falling 0.80% from today's opening price to reach a fresh intra-day low at 1.3066, the EUR/USD is testing the 1.3100 level.
Currently, the pair is trading around 1.3080/90 after falling 0.75% along the day.
Yesterday, the pair fell 0.27% from the opening price at 1.3226, reaching 1.3269 as maximum and 1.3126 as minimum, to close the day at 1.3187.
According to the Forex.com research desk, the EUR is bearish: The trade week in Asia ended with the Euro being spanked like the New York Yankees in their home opener, as the European currency dropped a full handle against the Dollar in anticipation of a speech by ECB President Trichet, and then fell to April lows as his speech progressed.
EUR/USD collapsed from its 1.3197 perch and hit ground near 1.3066 as traders tried to decipher Trichet's comments although he vowed that the ECB would do everything within its power to restore the public confidence in the battered economy.
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