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Euro dollar rebounded from yesterday’s slide (April 18th), as the pair has climbed into the mid-1.31 range. The markets remain wary about the fiscal situation in Spain. The country held a successful bond auction earlier in the week, raising the full target of EUR 3 billion in government bonds. Another auction to raise EUR 2.5 billion is scheduled for today. However, the yields on these bonds have risen above 6%, adding to markets concerns that Spain may come the ECB with cap in hand, asking for a bailout. We could see some movement by EUR/USD following the release of three key US releases later today: Unemployment Claims, Existing Home Sales and the Philly Fed Manufacturing Index.

Here’s an update on technicals, fundamentals and what’s going on in the markets.

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/eurusd-april-19-all-eyes-on-key-releases-in-us/"]EUR/USD - All Eyes on Key Releases in US[/URL][/I][/B]