Euro/dollar saw some excitement with the Spanish bailout but then stabilized in anticipation to the bigger event. The Greek elections are undoubtedly a huge event that will dominate the markets for a long time. Many meetings are planned for after the polls and they might serve as an opportunity to present contingency plans Apart from Greece, there are a few other indicators worth noting. Here is an outlook for the upcoming events and an updated technical analysis for EUR/USD.
Spanish yields touched the 7% for some time in the past week. This is the level that other sovereigns got a bailout. The €100 billion bailout plan seems insufficient and certainly not limited to banks. There are too many holes in the plan. On the other side of the Atlantic, the majority of economic figures continues disappointing. Nevertheless, the current US yields mean that more QE will not have any significant effect, and dollar bears might be disappointed with Bernanke once again. For now, it’s all Greek. Let’s start:
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/eurusd-outlook-june-18-22/"]EUR/USD Outlook June 18-22[/URL][/I][/B]
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