EUR/USD is testing the upper-bound of the descending channel. It is currently fighting the first near-term trend line.
News:
- Dollar Falls Before Bernanke Speech, U.S. Economic Growth Data (BusinessWeek)
- Europe stocks fall but short sell ban boosts banks (Reuters)
- Finland Committed to Greek Demands as Talks Over Collateral Model Continue (Bloomberg)
- Pace of Euro-Zone Lending Slows (WSJ)
- KBC Market Research: Currency markets spooked by 'wild' rumours - (FX Street)
- Greek CDS rises, Finnish collateral threat persists (Reuters)
- Tomorrow's "Other" Event - A Sub-1% GDP Report (Zero Hedge)
- Bernanke: will he or won’t he? (Financial Times)
- Bernanke Scholar Advises Bernanke Fed Chief (Bloomberg)
- German Bunds steady as markets focus on Bernanke (Reuters)
- Spain growth slows, recession fears loom (Reuters)
