Euro Catches Bid From Greece News

Written March 3, 2010 at 4:11 AM EST by  

The EUR has mad considerable gains against all of the majors after news that Greek austerity measures have reached 4.8 billion euros. Currently, the EUR/USDĀ is trading at 1.3636.

4 Responses to “Euro Catches Bid From Greece News”

  1. Mani on March 3rd, 2010 7:16 am

    Greg,

    During the europeon session, the Euro/usd pair tested 1.3655 level five times, where do you see this pair from now?

    Currently trading @1.3639.

    Thanks

  2. Greg Michalowski on March 3rd, 2010 7:31 am

    Need to develop momentum above the 1.3655 level and can’t. It is a key level going back to Feb 17th on hourly and is 61.8% of the 2 week trading range. Should see proft taking sellers against with stops above as the mkt looks to continue the trend. SUpport at 1.3626 now.

  3. Mani on March 3rd, 2010 7:52 am

    Within the last few minutes it tested again ( 6 th time ) 1.3655 level and fell sharply, around 50 pips. Let s see.

  4. Mani on March 3rd, 2010 9:59 am

    40 pips up and down since europeon session, bears and bulls seem to be fighting each other. lol.

    Only ECB intrest rate decision and NFP will move this pair from the present situation i guess.

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