Daily Forex Analysis: The Euro Flops After the Greek Bailout
Posted by David Frank, Fx-Insights on 22/02/2012, at 02:36 AM
The EURUSD tried to push higher after the bailout plan for Greece. The market rose higher and hit 1.3293 but fell back below 1.3200 and closed at 1.3246.
 
There appears to be very little optimism regarding Euro zone debt issues.
 
First support is at 1.3149. Below that could test1.3100 then we see 1.3000 and then 1.2969.
 
Looking up, first resistance is at 1.3275. Above that we see 1.3300 and the 1.3385.
 
 
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