The Laos ministers offers resignation from coalition government

Written February 10, 2012 at 8:48 AM EST by  

The leader of the Laos party had earlier said that they would not vote for the bailout agreement.  What is unclear is if the resignation of the ministers, now allow for a two party coalition to vote for and approve the austerity measures? The initial reaction is for a move below the key 50% week retracement and the 200 hour MA. That level comes in at 1.31738.  With the price below, the bias continues its bearish bias.

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