EUR/USD opens downwards, demand at 1.3060-1.3100

FXstreet.com (Barcelona) - the EUR/USD has opened down in asia, with the couple hit by several negative news during the weekend. EUR/USD is trading at 1.3011 after closing in New York at 1.3120. The minimum is found at 1.3088.

Fundamental operators pushed the euro down

On the one hand, there was a report in which the ECB member and head of the Deutsche Bundesbank Jens Weidmannis, commented that it is unlikely that the central bank put in place a program that involves unlimited purchases of government bonds. On the other hand, European Finance Ministers could not break the divisions on how to share the financial burden associated with the collapse of European banks, with more talks scheduled for Wednesday.

EUR/USD bearish trend points to continue

The argument in favor of the downtrend that persist for the next few weeks is quite convincing, as it points to a survey conducted by FXstreet.com.

However, in the short term, taking into account that the EUR/USD remains widespread downward after losing more than 100 pips on average, in the last 3 days of negotiation, along with the level of demand that faces at 1.3060 to 1.3100, it suggests that a correction to 1.3180 resistance should not be dismissed.

A break below 1.3050 would expose the round number 1.30, while on the rise, a resolution above 1.3180 would expose 1.3240 as the next target.