The old support level around 1.2242 held the rebound in EUR/USD and downside pressure has re-emerged.
We’ve fallen back into the 1.22-teens before steadying in the 1.2225 area.
Greece’s IMF representative is on the wires saying he believes they will have no problem securing their second trance of funding from the IMF in September.
In addition, Russia is playing natural gas politics once again, leaving western Europe vulnerable. Russia is in a dispute with Belarus and that could have ripple effects on gas supplies across the continent. Good thing it is June and not January…
