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Has Greece Called Out the EU Bluff ?

Posted by FXalhabib on May 10th, 2011

EUR/USD declines to the 1.4254 low, there are reports of Greece getting a new €60 billion package ($86 billion dollars). Intraday bias remains on the downside, as long as the 1.4586 minor resistance line is not broken. On the downside, the EUR/USD has reached the 1.4254 low so far, look for the currency pair to continue the bearish sentiment and target the 1.4156 major support line next.

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