Euro Tumbled After European Leaders Failed To Reach Agreement

The Euro falls against Japanese Yen today (26/11, 05.48 GMT). The pair opened at 106.18 in early trading (00:00 GMT), and dipped -33 pips or about -0.31 % at 105.85.

 

The negative sentiment against Euro is seems to be increasing , as the GfK is scheduled to report the data of the level of a composite index based on surveyed consumers, in November.

 

GfK German Consumer Climate is estimated to stay at 6.3 from previous period of 6.3, and might indicates the stagnation in consumption sector of German economy.

 

Meanwhile Euro-area finance ministers will try for the third time this month to clear a bail out fund for Greece and forge a blueprint to keep the country a solvent member of the currency bloc.

 

The heads of Finance from the Euro, return to Brussels today. It is less than a week after an all-night meeting failed to yield agreement and days after a European Union summit broke up without a proposed seven-year budget.

 

Vibiz Consulting Analyst said normal range Euro currency is estimated to have the support level at 104.48 and resistance level at 107.07.

 

 

 

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What a silly useless post, and in the wrong place. 33 pips is a tumble? lol. After they 'failed' on friday, the EURUSD went from 1.29 to 1.299. Oh, and get ready for a 1.35 EURUSD.