Reuters quotes a board member of the Bank of Portugal as saying the Greek fiscal plan is not working. The conditions were imposed, unrealistic and cannot be sustained, according to Teodora Cardoso. The Markets perceives that, Cardoso said.
EUR/USD is giving back gains, now sliding to 1.3670 after triggering a few small stops below the 1.36895 level. 1.3635/40 is next support. Look for offers now in the 1.3685/90 area that had been providing support during the US session.
