Spiral of debt, global crisis, inflation dangers. All these are concerns coming from Eurogroup head Juncker in the last hour. Not surprisingly, EUR/USD sits at session lows (1.3148) amid the gloomy proclamations and on comments from Buba’s Weber that quantitative ease will commence next month.
Bids are seen below the market from 1.3140 down to 1.3110; stops are below 1.3110.