EURUSD Continues to Weaken on Greek Debt Worries

Quote of the day:“A paranoid is someone who knows a little of what’s going on.” -�William S. Burroughs
EURUSD - 1.4111 @06:50 GMT
Good morning. Downside remains under pressure as recent upside pullbacks were short-lived. European finance ministers are meeting today and tomorrow and current fears that Greece will be forced to restructure its debt are dragging the euro down towards $1.40 which is a key support level, followed by $1.39 lower – the 50% retrace value of this year’s full upleg from 1.2870 to 1.4940. On the weekly charts, former resistance is currently providing support around 1.400, while the daily charts Read More

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� 2011 FX Trading Blog - innerfx.com | Article Source | Post tags: Ben Bernanke, Euro-zone crisis, EURUSD, Greece

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