{"id":8695,"date":"2010-04-20T12:21:32","date_gmt":"2010-04-20T16:21:32","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=8695"},"modified":"2010-04-20T12:21:32","modified_gmt":"2010-04-20T16:21:32","slug":"eurusd-fluctuates-as-focus-returns-to-greece","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/04\/20\/eurusd-fluctuates-as-focus-returns-to-greece\/","title":{"rendered":"EUR\/USD Fluctuates as Focus Returns to Greece"},"content":{"rendered":"<p><strong>By Fast Brokers<\/strong> &#8211; The EUR\/USD is trading well off of intraday highs and is fluctuating around its psychological 1.35 area as the Dollar appreciates across the board in reaction to Goldman\u2019s impressive earnings.\u00a0 Meanwhile, the Euro is underperforming despite EU ZEW, PPI, and Current Account data.\u00a0 Today\u2019s positive EU data set, particularly ZEW Consumer Sentiment, provide some relief for the Euro as the region holds together economically despite fiscal troubles in Greece.\u00a0 Speaking of which, chatter is picking up again about Greece with bond yields setting new highs as the focus shifts from China and the U.S.\u00a0 George Soros issued yet another warning regarding his view that the EU\u2019s proposed financial assistance package is insufficient due to the sizable 5% interest rate.\u00a0 Regardless, we may see psychological forces take control of the Euro again soon with financial ministers meeting this week granted air travel opens back up.\u00a0 The EU will be quiet on the data wire tomorrow, meaning the EUR\/USD\u2019s near-term performance should reflect broad-based movements in the Dollar along with any new psychological developments regarding Greece or any other fiscally troubled EU nations.\u00a0 Meanwhile, investors should keep an eye on the U.S. news wire as earnings season heats up.\u00a0 Strong U.S. corporate earnings coupled with psychological uncertainty in the EU could place some downward pressure on the EUR\/USD despite today\u2019s impressive EU data set.<\/p>\n<p>Technically speaking, the EUR\/USD has fresh uptrend lines serving as technical cushions along with intraday and 3\/31 lows.\u00a0 As for the topside, the psychological 1.35 now becomes a technical barrier along with an accumulation of downtrend lines and 4\/9 highs.<\/p>\n<p>Present Price: 1.3464<br \/>\nResistances: 1.3473, 1.3485, 1.3496, 1.3506, 1.3521, 1.3530<br \/>\nSupports:\u00a0 1.3455, 1.3442, 1.3431, 1.3423, 1.3416, 1.3401<br \/>\nPsychological: April highs and lows, 1.35, 1.34<\/p>\n<p><a href=\"http:\/\/fastbrokers.net\/news\/image\/April20Euro.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/fastbrokers.net\/news\/image\/April20Euro.png\" alt=\"\" width=\"595\" height=\"400\" \/><\/a><\/p>\n<p>(click chart to enlarge)<\/p>\n<p><em><strong>Market Commentary<\/strong><\/em> provided by <a href=\"http:\/\/www.fastbrokers.com\/index.php?CP001\" target=\"_blank\"><strong>Fast                Brokers<\/strong>.<\/a><\/p>\n<p><strong>Disclaimer:<\/strong> FastBrokers\u2019 market commentary is                provided for information purposes only and under no  circumstances        should        be regarded neither as an investment  advice nor as a        solicitation    or    an  offer to sell\/buy any  financial  product.       FastBrokers  assumes   no     responsibility  or liability  from  gains or      losses  incurred by the        information herein   contained.<\/p>\n<p><strong>Risk Disclosure:<\/strong> There is a substantial risk of loss                in trading futures and foreign exchange. Please carefully        review     all     risk disclosure documents before opening an    account     as these      financial    instruments are not appropriate    for all     investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Fast Brokers &#8211; The EUR\/USD is trading well off of intraday highs and is fluctuating around its psychological 1.35 area as the Dollar appreciates across the board in reaction to Goldman\u2019s impressive earnings.\u00a0 Meanwhile, the Euro is underperforming despite EU ZEW, PPI, and Current Account data.\u00a0 Today\u2019s positive EU data set, particularly ZEW Consumer &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/04\/20\/eurusd-fluctuates-as-focus-returns-to-greece\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EUR\/USD Fluctuates as Focus Returns to Greece&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-8695","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8695","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=8695"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8695\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=8695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=8695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=8695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}