Today is Sun, October 15, 2017 3:25:40 GMT
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The euro continued to lose ground and it was mostly a one way affair in Asian trade today after reaching 1.3206 on Friday due to positive US NFP and employment data.  On London open the tune was the same but the rhythm and beat came from Greece.  The world is now waiting for Greece to respond to demands by the European Union, European Central Bank and International Monetary fund on economic measures, including wage cuts.  For the moment 1.3024 looks solid but very vulnerable.  One decisive piece of bad news might snap this support level like a toothpick sending it to 1.2826 in double time – a “default” should do it.  On the top side, while 1.3200 sounds like a galaxy far, far away now we think 1.3076 to 1.3123 will be a hard nut to crack.