For the third time in a week, the Euro has broken through the key 1.26 level however this time it has remained there for a full day. This level has previously reinforced itself as one of significance and one that was causing a major obstacle to the Euro. For the most part of the last couple of weeks, the Euro has traded within a narrow range between 1.25 and 1.26, however we might now see it consolidate above 1.26 and then decide upon its next course. Over the last week, the Euro had found solid support at 1.2500 only to quickly return back to continue its assault on the 1.26 level. The demand has now clearly ... (full story)