With the coming meeting scheduled for later today (11:00 GMT) all eyes are on the Greek debt situation and a possible solution to end the Greek crisis, at least for a short period of time. The Eurogroup Emergency Greece Meeting (Lagarde, Draghi, Juncker, Dijesselbloem) is expected to hammer out a deal over the Greek debt.
However, the EU officials say that any settlement could take days to reach as Greece would probably not be able to pay any debts without the help from its creditors.
Chart shows that the Euro once again found the needed support at the level of 1.1150 and is currently trading at levels around 1.1200.
Chart: H4
Very well spotted!
ReplyDeleteExcellent Analysis! Thanks.
ReplyDeleteVery useful analysis.
ReplyDeleteLet’s see how low it keeps going.
ReplyDeleteLet’s see if this spurs more risk appetite today.
ReplyDeleteThank you for the analysis!
ReplyDeleteGreece, it's all about Greece.
ReplyDeleteThis analysis is very useful!
ReplyDelete