Forecasts
Forex Guides
Members

Masoud EUR/USD Forex Forecast Midweek Review 22 Feb 12

Hello koala king and folks.

Good day to you.

Italian Prime Minister said even if there is recession in Italy, his government will not consider new proposals to implement austerity. Italy is the third most powerful economy in Europe and it having to grapple with the economic crisis is unprecedented.

Apparently the agreement on lending to Greece, Italy and Spain in the investors mind eased into positiveness. On Tuesday, many countries have invested in government bonds and the value of government securities declined on Tuesday and only German government bonds had grown.

With agreement on the last loan of 130 billion euros to Greece, now we can say that the decision lies entirely in the hands of Europe. However is this latest package by the European Union sufficient to save the Greek economy from bankruptcy? European countries since beginning in May of 2010 have loaned nearly 110 billion euros to Greece. The second package of economic rescue for Greece is discussed to be 130 billion euros. Greece can not borrow from the private sector as because of loan interest up to 10 years will increase 26 percent. The new package percentage of interest income on loans will start from 2 percent and eventually reach 4.3%.



From a technical perspective: As you can see in the above picture, the EUR/USD is trapped inside a triangle. There is a balance between buyers and sellers. If the triangle is broken, a sharp momentum may occur.

Have a nice time.

Masoud.


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 Gold CorrelationMasoud EUR/USD Forex Forecast Midweek Review 22 Feb 12
  • Masoud EUR/USD Forex Forecast Midweek Review 22 Feb 12
  • Masoud EUR/USD Forex Forecast Midweek Review 22 Feb 12
  • Masoud EUR/USD Forex Forecast Midweek Review 22 Feb 12
  • Masoud EUR/USD Forex Forecast Midweek Review 22 Feb 12
  • Masoud EUR/USD Forex Forecast Midweek Review 22 Feb 12
TheGeekKnows