Touch the lowest Level of Euro 6 weeks after payment LTRO Decreased

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The Euro plummeted deeper tap his lowest level 6 weeks after various eurozone bank lending during the crisis the ECB pays lower than expectations.

Euro zone Banking reported only pay 60 billion euros, or the equivalent of $ 81 billion of the loan total of 530 billion Euros taken at second stage LTRO injection this year, far below the estimated 130 billion euros.

Debt service payments to this declining LTRO indicated that although the cash funds in the banking system to withstand the pressure in the money market but on the other side of the various banks also feels still needs to hold most of the ECB's Emergency Fund.

The Euro fell to 1.3158 intraday low after the ECB publish such data, shrank from 1.3210 level. All this week the EURUSD pair has weakened 1 percent over worries of a weak economic fundamentals in the Euro zone.

Report on economic projections released by the European Commission also did not help sentiment, after Spain, France and reported Portugal will likely miss the target of deficit.

(Sap)

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Euro Touch Potential Above 1.3310 – JP Morgan

Monexnews-the Euro is still positive but still may have the risk of a correction, said Niall O'Connor, a forex strategist of JP Morgan.

"The price Surge that saw the movement of the Euro also gave a mixed picture of where prices are still slightly bullish as long as there is significant support at 1.3310 1.3257/(38.2% interval at low before) is recorded," said Niall.

Perfect for the movement of the price increase, Niall said that prices should penetrate under the Euro support 1.3172/27.

(AR)

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Aussie Touch 3-month Low At 1.0250

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Monexnews-with the current weakened Aussie around 0.68% for this week since Friday's closure, the Aussie is trading near the low 1.0251 and 3 months.

Sean Lee of FXWW: Aussie sentiment still weak and back losing position against the Euro and dollar New Zealand but price movement limits are at 1.0250 and action against AUDJPY buy back provides support.

"In graph per hour," said Valeria Bednarik, an analyst from FXstreet.com, "showed that the HIGH SCHOOL-20 showed a curve above the current price bearish while some indicators are moving down to the area of the middle price, showed a fall of potential follow-up. In the graph per 4 hours also shows the existence of the movement down, while the existing momentum accelerates HIGH SCHOOL-20 down while holding the up movement in some efforts to strengthen the position of the price back up, "Bednarik disimpulan.

Valeria noted the range of support at 1.0260, 1.0220 and 1.0170. While the range of resistance was at 1.0300, 1.0330 and 1.0370.

(AR)

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