The Euro fell sharply across the board while Yen rallied on Wednesday. The moves kicked in as the Fed Reserve Chairman Ben Bernanke hinted towards an uncertain outlook of U.S economy.
Bernanke’s remarks pushed the Euro down about one percent. European policy makers remain confident that the Euro zone banks would pass the tests, though the market remains skeptical about the severity of the tests.
The support can be seen around $1.2731 and resistance can be seen at $1.2819
Market Review by www.gfcmarkets.com
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