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Forex: EUR/USD dips after Greece passes PSI bill

By FXstreet.com,  February 23, 2012, 09:58:00 AM EDT

FXstreet.com (Córdoba) - The Euro weakened, trimming early gains versus the Dollar, after the Greek parliament passed the law enabling the debt swap for private bondholders, coinciding with a negative opening in Wall Street.

EUR/USD extended its setback from the 1.3342 high scored during the European session, sliding to the 1.3270 area where the 20-hour SMA helped to contain the fall. At time of writing, EUR/USD is quoting at the 1.3275/80, still up 0.2% on the day.

Valeria Bednarik, chief analyst at FXstreet.com sees next support levels at 1.3265, 1.3220 and 1.3190, while resistance levels area seen at 1.3320, 1.3345 and 1.3385.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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