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EUR/USD At Strong Resistance on Hopeful Greek Polls

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by , 06-15-2012 at 04:44 AM (368 Views)
EUR/USD continued its gradual rise and is now battling strong resistance. There are reports about secret polls in Greece which point to a victory of the pro-bailout New Democracy party. This speculation could eventually turn into a short opportunity as results emerge early on Sunday. Yet again, US figures weren’t so good, but not enough for QE3. Also the ECB isn’t likely to move. How will the pair close the week?

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-june-15-at-strong-resistance-on-hopeful-greek-polls/"]EUR/USD At Strong Resistance on Hopeful Greek Polls[/URL][/I][/B]
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