Euro/dollar topped the 1.30 line, reaching the highest level in three weeks. If this holds, the 1.3080 is the next challenge. Fresh optimism regarding a haircut deal between private bondholders and the Greek government was replaced by optimism that a deal could be done, sooner than later. Reports about these talks varied recently, so this could turn against the euro. The break isn’t confirmed yet. Another boost for the common currency came from a report about German flexibility regarding the permanent bailout fund: the ESM. While Germany still opposes enlarging the fund, it is ready to allow the current EFSF fund to run together with the ESM. 1.30 is an important psychological barrier. If the break is confirmed, the 1.3080 line is next. It provided resistance on the first days of 2012. A failure to hold this line will find the euro challenging the 1.2945 line, which is a pivotal line in the range. Much stronger support is at 1.2873. For more on the euro, 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 UK 2012: Investors Pay to Lend to Government While Total Yohay Elam 11 years Euro/dollar topped the 1.30 line, reaching the highest level in three weeks. If this holds, the 1.3080 is the next challenge. Fresh optimism regarding a haircut deal between private bondholders and the Greek government was replaced by optimism that a deal could be done, sooner than later. Reports about these talks varied recently, so this could turn against the euro. The break isn't confirmed yet. Another boost for the common currency came from a report about German flexibility regarding the permanent bailout fund: the ESM. While Germany still opposes enlarging the fund, it is ready to allow the current EFSF… 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.
