German chancellor Angela Merkel and French president Nicolas Sarkozy are meeting to discuss the situation in Greece and might come to some compromise regarding the participation of the private sector. The euro is currently rising on hope for some kind of solution. A positive statement can boost the euro and provide a better ending after this week’s avalanche. The leaders of the two largest and most powerful countries in the Euro-zone are set to hold a press conference at 10:45 GMT, during the European session and well before the US session. The markets will have enough time to digest their words and react before they close. A failure to provide hope can send the euro much lower. EUR/USD is currently trading at 1.4170, above the pivotal line of 1.4160. Lower support is at 1.4030 and 1.3950. Resistance is at 1.4220 and 1.4282. For more about EUR/USD, see the euro to dollar forecast. In the meantime, the Greek prime minister presented the new cabinet, including a new finance minister, Evangelos Venizelos. I guess nobody envies him… 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 Bits share Read Next Greece accelerates the European race to the bottom FxPro - Forex Broker 12 years German chancellor Angela Merkel and French president Nicolas Sarkozy are meeting to discuss the situation in Greece and might come to some compromise regarding the participation of the private sector. The euro is currently rising on hope for some kind of solution. A positive statement can boost the euro and provide a better ending after this week's avalanche. The leaders of the two largest and most powerful countries in the Euro-zone are set to hold a press conference at 10:45 GMT, during the European session and well before the US session. The markets will have enough time to digest their… 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.
