Sponsors

EUR/USD Forecast June 13, 2012, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 13 June 2012 06:49 UTC

The EUR/USD pair had a relatively quiet session on Tuesday as the stock markets were strong in the United States. The 1.25 level continued to be the epicenter of price action, and with the Greek elections coming up this weekend, any real moves to the upside will more than likely be tempered as there will certainly be concerns about how that turns out. There is literally a neck and neck race at this point, with one of the parties being very anti-austerity. This means that the election could really put a whipping on the Euro if the leftists get put into power. Until next week, we feel that any rallies will be sold as a result.

EUR/USD Forecast June 13, 2012, Technical Analysis

Written by FX Empire

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.

Sponsors

Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.