Simultaneous Release at

Good day koalas.



Yesterday, the news of a possible agreement between the Euro Zone leaders of a mix of IMF and Euro Zone aid for Greece bought about bullish relief. Having touched the support of 1.3285, the currency pair bounced off.

As of now, the EUR/USD is slightly above 1.3400.

Looking at the S&P 500, it is currently bullish as sentiments are apparently good.

Oil is currently trading at $79+.

Aided by a weaken US Dollar, gold is trading at around $1103+.


Euro Zone leaders promised aid for Greece.

Furthermore, Euro Zone leaders came to a common support of a mix of IMF and Euro Zone loans for Greece. It was also mentioned that with the current conditions, Greece seems unlikely to request for aid. As the markets are concerned about the Greek deficit crisis, this development apparently eased the fears of many.

As we watch the week come to a a close, bullish pressure may take us to 1.3455 while bearish developments may see 1.3360.


FINALLY !!! The weekend is here :) How are you going to spend yours?

Trade Safely.

Visit our new home at facebook and be a fan.

Read more Forex Articles and Views by The Koala at

©2010 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.