Daily Forex Reports |
Written by FX Empire |
Wednesday, 13 June 2012 06:49 GMT
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.
Written by FX Empire