The Irish debt crisis is getting uglier – senior debt holders might be required to “share the burden”. Sharing is caring! This joins other big is a very heavy weight on the falling EUR/USD that receives bad news from all over the continent and has still lots of room to fall until the next support line. The Irish Times reports that senior debt, that was regarded as safe, is now examined by the IMF / EU / ECB delegation in Dublin. The source said there was a “common understanding” between delegations from the EU Commission, the European Central Bank and the IMF that senior and junior bondholders should each pay a share of the rescue costs. The first step would be to seek to “persuade” senior bondholders to participate in the bailout, said the source. “If that doesn’t succeed, the question is how can you force them in a legally-sound way.” Sharing the burden or participating in the bailout are nice words for saying that the people that lent money will not get their money back. This happens while Spanish bonds continue reaching record high yields – 5.28% on ten-year notes. There have been talks that Germany pushes Portugal to a rescue package – just in order to stop the snowball before it reaches Spain. EUR/USD is already at 1.3206, as the bad news meets thin market conditions. The next level of support is at 1.3114, so there’s still lots of room for falls. After this point, the round number of 1.30 provides minor support. A recovery will find resistance at 1.3267, which the pair broke recently. For more technical levels and analysis, check out 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 Hezbollah Indictments Due December 2nd Yohay Elam 13 years The Irish debt crisis is getting uglier - senior debt holders might be required to "share the burden". Sharing is caring! This joins other big is a very heavy weight on the falling EUR/USD that receives bad news from all over the continent and has still lots of room to fall until the next support line. The Irish Times reports that senior debt, that was regarded as safe, is now examined by the IMF / EU / ECB delegation in Dublin. The source said there was a "common understanding" between delegations from the EU Commission, the European Central Bank and… 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.