Euro holding positive attitude prior to Greek Vote

Tuesday, 28 June 2011 10:26

Yesterday's trading session had the Euro struggling to gain strength against the U.S Dollar.  The pair dropped to lows of 1.4100.  Today's session is looking better for the Euro, as EUR/USD is maintaining a positive attitude before Greece's next parliament vote which is scheduled for tomorrow, Wednesday; where Austerity Measures votes are important as this is needed to progress receiving a bailout package and preventing a default.  A default is crucial for avoidance as this situation would take Greece down, and other European countries.

The European currency reached a high of 1.4328, after opening at 1.4286 versus the Greenback.  Currently, the pair is trading at 1.4283; rising more than 20 pips in the last 15 minutes.  EUR/USD low of the day is currently 1.4155.