EUR/USD began the new trading week with a gradual and consistent slide to the downside. It fell from the highs but still has room towards support. Reports coming out of Greece suggest that the government in Athens is not backing down from its red lines regarding the minimum wage, pensions and other heated topics. The list of reforms still hasn’t been officially submitted, but these reports already cause a stir. Alongside a rejection of some of the austerity measures, these reports also note other sources of raising money: mostly via cracking down on tax evasion. Nevertheless, markets currently think it’s not good enough. In any case, the crisis is far from over, and there could be additional “cliffhangers”. Greeks have a public holiday today but the Greek government and especially Yanis Varoufakis are very busy. According to the deal struck on Friday, Greece will get a 4 month extension, but this depends on an approval of reforms. The debt stricken has a deadline: end of day. Support awaits at 1.1270, a line tested on Friday before the deal was reached. Further support is at the round number of 1.12. Resistance awaits at 1.1373, followed by 1.1460. Opinion: 3 bearish EUR/USD scenarios for 3 Different Greek Outcomes – Goldman Sachs Here is how this looks on the chart: 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 Greece not a sure deal FxPro - Forex Broker 8 years EUR/USD began the new trading week with a gradual and consistent slide to the downside. It fell from the highs but still has room towards support. Reports coming out of Greece suggest that the government in Athens is not backing down from its red lines regarding the minimum wage, pensions and other heated topics. The list of reforms still hasn't been officially submitted, but these reports already cause a stir. Alongside a rejection of some of the austerity measures, these reports also note other sources of raising money: mostly via cracking down on tax evasion. Nevertheless, markets currently think it's… 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.
