Robert Fico, the Prime Minister of Slovakia said there is a 50/50 chance of a breakup of the euro zone. Slovakia is a member of the euro-zone and has shown opposition in the past to some agreements. EUR/USD woke up from the solid range trading and fell below support. The pair trades at 1.2510, below 1.2520, after trading between 1.2540 and 1.2550 during long hours in the day, awaiting Ben Bernanke’s speech at Jackson Hole. As shown on the chart, the pair is falling sharply, and is getting close to uptrend support, that has so far worked perfectly well. EUR/USD Loses Support – Click image to enlarge Adam Button reported about this. Such a statement is quite uncommon from a leader of country that is part of the zone. In October 2011, the previous Slovak government wanted a plan for a Greek default as talks were stuck. While Slovakia is not one of the wealthiest European countries, it has back policies of core countries, and even introduced its debt ceiling law into the constitution back in December 2011. Further support is at 1.2440 if this break is indeed confirmed. Update: the pair lost the 1.25 line. For more lines and analysis, see the EUR/USD forecast. Yohay Elam Yohay Elam 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. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Without an immediate Recession Threat, QE3 Hints are Unlikely Yohay Elam 9 years Robert Fico, the Prime Minister of Slovakia said there is a 50/50 chance of a breakup of the euro zone. Slovakia is a member of the euro-zone and has shown opposition in the past to some agreements. EUR/USD woke up from the solid range trading and fell below support. The pair trades at 1.2510, below 1.2520, after trading between 1.2540 and 1.2550 during long hours in the day, awaiting Ben Bernanke's speech at Jackson Hole. As shown on the chart, the pair is falling sharply, and is getting close to uptrend support, that has so far worked perfectly well. [caption… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
