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Forex: EUR/USD slips below 1.2600

By FXstreet.com,  July 07, 2010, 12:56:00 AM EDT

FXstreet.com (Córdoba) - The Euro and commodity currencies are under pressure and retreating slightly during the Asian session as stocks are in red today with the Nikkei 1.04% down.

EUR/USD has fallen over 40 pips since the beginning of the session breaking below 1.2600 to currently trade around 1.2580, 0.36% below its opening price. The pair is heading lower slowly and approaching to next support at the 1.2550 zone.

GBP/USD has also retreated somewhat and is currently around 1.5130, 0.13% below its initial price. EUR/GBP is quoting at 0.8315 from the 0.8330 zone where it opened the day.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks:



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