EUR/USD lost another line of support after a pause. This comes as talks on Greece are deep in the mud. In addition, protests are raging in Athens, and Greek prime minister has already suggested that he will resign. Updates. Euro/Dollar lost the 1.4282 level after struggling with it during the day, and is now at 1.4209. Further support is at 1.4160, followed by 1.4030. Why? Update: The falls continue, and the pair is now at 1.4190. Update II: Some support is found at 1.4160. The emergency meeting in Brussels yesterday has ended with no result. It seemed that the stance of the ECB against any involuntary restructuring was accepted by some members. Today it looks different: Germany’s finance minister says private sector involvement is still on the agenda. This follows his letter from last week. French banks have been warned about a downgrade by Moody’s due to exposure to Greek debt. The ECB is still determined not to allow restructuring. The deadlock continues. A general strike in Greece includes ports and railway stations. Protests in Greece are huge today. The Greek prime Minister has offered his resignation in order to have national unity government. This comes after one member of his party quit and now rejects the government’s measures. Contagion in Ireland: If restructuring is made for Greek government debt, why shouldn’t it be done in Ireland, and for banks? Contagion in Spain: Spanish bond yields are nearing all time highs at 5.55%. There are unconfirmed rumors that workers are cleaning up a tunnel from the Greek parliament to the port of Piraeus, in order to evacuate the parliament members in case of emergency. Even if this is true, the port is on strike. Further reading: German banks are already willing to volunteer to participate in Greek losses. Euro to dollar forecast: For technical analysis and upcoming events. 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 Forex Daily Outlook – June 16 2011 Anat Dror 12 years EUR/USD lost another line of support after a pause. This comes as talks on Greece are deep in the mud. In addition, protests are raging in Athens, and Greek prime minister has already suggested that he will resign. Updates. Euro/Dollar lost the 1.4282 level after struggling with it during the day, and is now at 1.4209. Further support is at 1.4160, followed by 1.4030. Why? Update: The falls continue, and the pair is now at 1.4190. Update II: Some support is found at 1.4160. The emergency meeting in Brussels yesterday has ended with no result. It seemed that the stance… Regulated 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.