Euro/dollar edged upwards after yesterday’s (May 9th) drop, but was still trading below the 1.30 level, as the political crisis in Greece continues. With some Greek politicians openly stating that the bailout package is null and void, the markets can be excused for being jittery. There are quite a few releases today, so the markets should be busy. There are three key releases today – US Trade Balance, US Unemployment Claims, and a speech by Federal Reserve Chairman Bernake.
Here’s an update on technicals, fundamentals and what’s going on in the markets.
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/eurusd-may-10-euro-steadier-but-greek-drama-continues/"]EUR/USD Steadier, but Greek Drama Continues[/URL][/I][/B]
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