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“Europe’s problems will cloud the bulls, and you need a strong stomach to see through losses at these kind of levels,” said Tom Kaan, director of equity sales at Louis Capital Markets in Hong Kong.
http://www.marketwatch.com/story/asia-stocks-slump-amid-greek-turmoil-2012-05-08
The currency pair has attempted to break below this psychologically significant level a number of times since the beginning of the year but despite the abundance of uncertainty and negative news flow, every attempt has been unsuccessful. Perhaps the fourth time is the charm with the EUR/USD hovering right at 1.30 at the NY close. Greek headlines continue to pressure the currency
http://www.fx360.com/commentary/kathy/7543/eur-130-cant-hold-for-much-longer.aspx
FXstreet.com (Barcelona) - It did not matter the cascade of negative news coming out of Greece over the weekend - chatter increasing an exit from the EZ may be imminent - nor made much difference the victory of Mr. Hollande in the French election - which anticipates growing frictions between the Franco-German front over austerity -, EUR/USD sellers seem to be still hesitant on picking the right timing to unite forces and break through the 1.2950/1.3000 barrier.
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=89aa9e0a-1c30-4e84-91e1-6ee451a1ae44