FXstreet.com (Barcelona) – From a chart technical point of view, the EUR/USD remains under pressure after having reached 1.2255 low in early Monday. Also, hopes that the German constitutional court would “bring relief for the European currency today” should be smite to the ground: “It will probably be difficult to second guess what the verdict on the temporary injunction against the ESM legislation will be, based on the hearing (taking place today)”, wrote Commerzbank analyst Ulrich Leuchtmann, pointing also that it will take weeks rather than days to reach a final decision. “Should it grant the temporary injunction it will take months before Germany can ratify the ESM treaty”, Leuchtmann added.
