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Tuesday, June 22, 2010
The Euro continues under pressure as Asian stock markets are in red today, with Nikkei 1.7% down, and risk aversion intensifies across the board.
The Euro keeps losing ground against the Swissy and recently EUR/CHF posted a fresh all time low below 1.3600; the European currency hit 1.3584 before picking up to the 1.3600 area where it is currently hovering.
EUR/GBP also fell further and reached a fresh low at 0.8269, not seen since June 11th. Currently the pair trades close to daily lows at 0.8270, 0.13% below Wednesday’s opening price. To the downside support levels lie at 0.8260 and 0.8210. Resistance levels could be located at 0.8285, 0.8325 and above at 0.8380.