Euro/dollar is now recovering from the lows it fell into, as some hope for a forming a government is emerging in Greece. A moderate left wing party is now shifting towards a compromise with the pro-bailout parties. Worries about Spain’s banking issues and lower growth forecasts weigh on the euro. With a relatively light calendar, news from Europe will set the tone for the close, in a bad week for the common currency.
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-11-recovers-from-lows-on-greek-coalition-hopes/"]EUR/USD Recovers from Lows on Greek Coalition Hopes[/URL][/I][/B]
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