{"id":76976,"date":"2015-08-17T06:46:07","date_gmt":"2015-08-17T10:46:07","guid":{"rendered":"http:\/\/countingpips.com\/?p=76976"},"modified":"2015-08-17T08:01:35","modified_gmt":"2015-08-17T12:01:35","slug":"euro-edges-lower-following-approval-of-greek-bailout-by-finance-ministers","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/08\/euro-edges-lower-following-approval-of-greek-bailout-by-finance-ministers\/","title":{"rendered":"Euro Edges Lower Following Approval of Greek Bailout by Finance Ministers"},"content":{"rendered":"
August 17, 2015<\/div>
\r\n<\/div><\/div>

Article by ForexTime<\/a><\/p>\n

The Euro lost ground to the greenback on Monday, despite a better than expected trade surplus which showed that a declining currency allowed Europe to gain a trade advantage and benefit from stronger growth. A 3rd<\/sup> Greek bailout was approved late in the day on Friday, which will now move forward to the national parliaments.<\/p>\n

Eurozone Finance Ministers approved the 3rd Greek bailout late Friday, paving the way for the evaluation by national parliaments, first and foremost the German lower house this week. Merkel is facing mounting criticism of further aid to Greece and while the central scenario is an approval by German lawmakers, Tsipras is on a tight schedule to get funds ahead of Thursday\u2019s ECB repayment and avoid another bridge loan.<\/p>\n

Reports suggest that following the disintegration of the Syriza coalition over the bailout deal he will ask lawmakers for a vote of confidence once the ECB repayment is out of the way. Even if he survives for now, early elections before the year is out are increasingly likely and if anti-bailout forces win even more support the Greek crisis could still flare up again.<\/p>\n

After breaking out above trend line resistance, the EUR\/USD is poised to test support near the 10-day moving average near 1.1025.\u00a0 Resistance is seen near last week\u2019s highs at 1.12. Momentum remains positive as the MACD (moving average convergence divergence) prints in positive territory with an upward sloping trajectory.<\/p>\n

\"eur-081715\"<\/a><\/p>\n

 <\/p>\n

\n

\"Forex-Time-Logo\"Article by ForexTime<\/a><\/span><\/strong><\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 www.forextime.com<\/a><\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Article by ForexTime The Euro lost ground to the greenback on Monday, despite a better than expected trade surplus which showed that a declining currency allowed Europe to gain a trade advantage and benefit from stronger growth. A 3rd Greek bailout was approved late in the day on Friday, which will now move forward to […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-76976","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/76976","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=76976"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/76976\/revisions"}],"predecessor-version":[{"id":76979,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/76976\/revisions\/76979"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=76976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=76976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=76976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}