Forex Guides

EUR/USD Forecast 18 June 12 Part 2


Good day forex traders.


Masoud is busy today so allow me to give a brief update on the current situation.

The Greek polls resulted in a slim victory for the pro austerity and relief was seen across the markets. A forex gap up was observed.



Solution : ProRealTime


Looking at the EUR/USD chart above we note that the forex gap was short live. Bearish momentum soon overcame the initial rally and the EUR/USD is now headed towards the previous region of 1.245 / 1.24.

While the new Greek government is expected to support austerity, it is reported that easier bailout terms will be sought and this brought about apprehension. Germany’s chancellor was reported to be unmoving of any leeway.

As G20 meetings are underway, close monitoring is advised.

Trade Safely.


Related Forex Articles from the Koala Forex Training College.

Invest In Yourself And Get Premium Analysis
Less than 20 cents a day
Major Currency Pairs Analysis
Forex Sentiment Analysis
Understand The Market
10 days money back guarantee

View Subscription Options

Would you like to connect?
Get notifications on new forecasts and articles.

Sign up to our emailing list and get your FREE Stop Losing and Start Winning in Forex Checklist!

Trending Forex Articles

  • EUR/USD Forecast 18 June 12 Part 2
  • EURUSD daily chartEUR/USD Forecast 18 June 12 Part 2
  • eur usd daily analysisEUR/USD Forecast 18 June 12 Part 2
  • EUR/USD Forecast 18 June 12 Part 2
  • 3 ways how the economy may affect forex tradingEUR/USD Forecast 18 June 12 Part 2
  • EUR/USD Forecast 18 June 12 Part 2