EUR/USD has come under renewed pressure amid comments from the Greek prime minister that it has not asked for special support from the EU. He also says scenarios of resorting to IMF help are not true.We are not looking for a bailout, he concludes. PErhaps the market was hoping for a nicem neat bailout to end the Greek worries. That now seems off the table.
Traders had been trying the upside in EUR/USD this morning but have had no luck extending the ranges.
1.4670 is key support near term. Heavy stops are eyed below that level. Further support comes from the 100-day average at 1.4636 and the early November low at 1.4625.
