Today the Euro currency has slightly weakened against the US Dollar. However, EURUSD is still on its way to the highest level since October 2011. The US Dollar has depreciated against the Japanese Yen down to the 3-month low, thus increasing the probability of another currency intervention by the Bank of Japan.
Numerous investors point out the growing concerns over the situation in Greece and Portugal as those countries may well need further external financial support to restructure their public debts and to avoid defaults.
According to the experts of , EURUSD has just broken the 1.3100 support, which suggests that the bears are currently dominating the market. The next strong level of support is 1.305:
