EUR/USD dives as new poll shows Berlusconi first, Grillo


New information from Italy shows that Berlusconi leads lower house over Bersani, and Grillo made a huge achievement . This is totally different than the initial reports.EURUSD Italian Elections Roller Coaster February 25 2013

EURUSD is already under 1.32 in a roller coaster move. The country could face new elections.

Full results for the Senate race are expected at 20:00 GMT. Results for the lower house are due at 23:00.

Update: EUR/USD extends its losses and reaches support at 1.3130.

Update 2: No mercy for EUR/USD, already heading below the low support of 1.31.

Update 3: Italian Senate Deadlocked – Grillo can trigger new elections

Update 4: USD/JPY falls on safe have comeback, so,  EUR/JPY crashes 600 pips.

Here are the earlier reports:



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Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.