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FXstreet.com (Barcelona) - EUR/USD is last at 1.2333, barely flat for the session being from previous weekly close Friday, with an intraday range from top first at 1.2358 by very early trade, followed by session lows at 1.2321, and coming back to present quotes afterwards. Local share markets are mixed with Nikkei rising some +0.08% coming from daily highs, while the rest of the major indexes in the region are in the red.

The London session ahead will have no major risk events scheduled at all, and not even for the following NY session, leaving headlines coming from the next EU meetings starting Wednesday to make the rounds, with continuous speculation about the state of the crisis. Also the sovereign debt auctions front will be quiet, with the ECB being sought as a serious troubled countries debt buyer as of late, making Spanish 10y yields stable around the mid 6%s, Italy's below the 6%, and Spanish-German risk premium in the 10 year lowered around the 500 bps.

Immediate support for EUR/USD to the downside comes at June 01/Friday's lows at 1.2286, followed by July 09/Thursday's lows at 1.2252, and July 10/Aug 10 lows at 1.2233. To the upside, closest resistance show at recent session highs at 1.2360, followed by past weekly highs 1.2382/5, and June 28 lows at 1.2405.

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