Euro USD is dipping below another important support line as Spanish yields remain at dangerous levels and no help is at sight. IMF contingency plans for Spain don’t seem serious enough and fail to reassure markets. In Greece, different polls contradict each other and meanwhile state coffers run low. In the US, a wide array of data is released, and it will grab some attention with the all important Non-Farm Payrolls, which are expected to show continued gradual job gains. How low will the pair close the week?
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-june-1-loses-critical-support-as-spain-suffers-before-nfp/"]EUR/USD Loses Critical Support as Spain Suffers, Before NFP[/URL][/I][/B]
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