Euro and Pound are pushing lower at European session opening times, weighed under rising risk aversion ahead of the release of Bank’s stress tests results, and S&P warning to US which has translated in negative equity markets and rising debt spreads between Germany and peripheral countries.
EUR/USD rejection from 1.4280 high on Wednesday had found support at 1.4115 in Asia to consolidate between there and 1.4200, and the pair has pushed lower on European session opening reaching day lows at 1.4095.
GBP/USD recovery was capped yesterday at 1.6195, and the pair eased to 1.6100 to pick up and consolidate in a tight range around 1.6150 in Asia before breaking lower at London opening, hitting day lows at 1.6115.
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