Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account
View RSS Feed


EUR/USD – Limited Rally After Greek Deal Announced

Rate this Entry
by , 02-21-2012 at 04:42 AM (633 Views)
Euro dollar is close to the resistance level seen yesterday and unable to break higher for now. The pair fell as negotiations in Brussels were dragging late into the night, and it leaped back up when a deal was announced. Greece will get a second bailout program worth 130 billion euros and is expected to follow the plan successfully. Celebrated EU summits haven’t been followed through with successful implementation so far. Private investors were squeezed a bit more in order to reach a better debt ratio: 120.5% in 2020. The troika report came out into the open and threatened to bring negotiations down. The IMF contribution is still to be decided upon. US traders are returning from a holiday. Will they boost the euro? Or will optimism fade away?

Here’s an update on technicals, fundamentals and what’s going on in the markets.

Read the rest of the article [B][I][URL=""]EUR/USD – Limited Rally After Greek Deal Announced[/URL][/I][/B]


Disclaimer: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. The possibility exists that you could sustain a loss in excess to your investment and therefore you should not invest money that you cannot afford to lose. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. FXCM will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.