EUR/USD remains remarkably resilient to the ongoing political uncertainty, unfavourable economic data and also the ECB’s decision to reduce interest rates rate by 25 basis points to 1.25 percent on Thursday; the single currency has finished yesterdays session near a 2 day high but the weekly chart shows a different picture and how price has closed lower for the first time in 5 weeks. Developments in Greece last night, with Greece’s PM George Papandreou winning the important confidence vote following a promise to hold power share talks and the all important nonfarm payrolls report,  with a below consensus 80K jobs ... (full story)