EURUSD
(Bloomberg) The euro touched a one-month low amid concern that Greece will struggle to secure bailout funds, risking the nation's future in the European currency bloc. The 17-nation euro was lower against most of its 16 major counterparts with Greek Prime Minister Antonis Samaras facing obstacles from coalition partners as lawmakers are expected to vote this week on measures required to receive aid. The yen traded near its weakest level since April against the greenback as futures traders increased their bets the yen will decline versus the dollar to a six-month high. The market is increasingly losing confidence that Greece might get its extended bailout money because the governing coalition is unraveling or disagreeing more and more, said Imre Speizer, a strategist in Auckland at Westpac Banking Corp. (WBC) We've seen the euro fall and it looks like it wants to go lower. The euro reached $1.2815, the weakest since Oct. 1, before trading at $1.2826 as of 2:10 p.m. in Tokyo, 0.1 percent lower than the close last week. The currency slid 0.1 percent to 103.13 yen, following a 0.5 percent decline on Nov. 2. The dollar was little changed at 80.42 yen. It touched 80.68 on Nov. 2, the most since April 27.
(Bloomberg) The euro touched a one-month low amid concern that Greece will struggle to secure bailout funds, risking the nation's future in the European currency bloc. The 17-nation euro was lower against most of its 16 major counterparts with Greek Prime Minister Antonis Samaras facing obstacles from coalition partners as lawmakers are expected to vote this week on measures required to receive aid. The yen traded near its weakest level since April against the greenback as futures traders increased their bets the yen will decline versus the dollar to a six-month high. The market is increasingly losing confidence that Greece might get its extended bailout money because the governing coalition is unraveling or disagreeing more and more, said Imre Speizer, a strategist in Auckland at Westpac Banking Corp. (WBC) We've seen the euro fall and it looks like it wants to go lower. The euro reached $1.2815, the weakest since Oct. 1, before trading at $1.2826 as of 2:10 p.m. in Tokyo, 0.1 percent lower than the close last week. The currency slid 0.1 percent to 103.13 yen, following a 0.5 percent decline on Nov. 2. The dollar was little changed at 80.42 yen. It touched 80.68 on Nov. 2, the most since April 27.
Support
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Resistance
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EURUSD
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1.27873
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1.29144
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1.27405
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1.29940
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1.26134
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1.31218
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