The euro zone countries will not allow the destabilization of the euro, German chancellor Merkel says. The plan announced yesterday shows solidarity, she says.
Traders report sell orders from central banks on rallies to the 1.3430 level, a former important technical support area. This fits into the usual pattern the Big Panda follows of selling out their winners after about 150 pips…
EUR/USD trades at 1.3383 ahead of the US GDP revision. 5.8% growth for Q4 is expected, down from 5.9 % last time.
