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29 Dec 2014
EUR/USD shows no reaction to Greek voting – GrowthAces
FXStreet (Barcelona) - The Growth Aces Team comments that the EUR/USD pair did not react significantly to the Greek voting results, further noting the bearish medium term outlook to keep the pair soft.
Key Quotes
“All eyes were fixed today on Greek third and final chance to elect a new president. The Greek Parliament's failed to elect Stavros Dimas as president of Greece in the final round of voting for the presidential election. Under Greek law, a general election must now be called.”
“The radical leftist Syriza party, which wants to renegotiate Greece's bailout agreement with the EU and International Monetary Fund and roll back austerity policies, has held a steady lead in opinion polls for months, although its advantage has narrowed in recent weeks.”
“The EUR/USD rate did not react significantly to the outcome of Greek voting. The medium-term outlook is bearish as divergent central bank expectations continues to provide excuses to sell EUR/USD.”
“However, some corrective moves are likely in the days ahead.”
“We got long at 1.2175 with the target at 1.2270. However, we keep stop-loss tight at 1.2160.”
Key Quotes
“All eyes were fixed today on Greek third and final chance to elect a new president. The Greek Parliament's failed to elect Stavros Dimas as president of Greece in the final round of voting for the presidential election. Under Greek law, a general election must now be called.”
“The radical leftist Syriza party, which wants to renegotiate Greece's bailout agreement with the EU and International Monetary Fund and roll back austerity policies, has held a steady lead in opinion polls for months, although its advantage has narrowed in recent weeks.”
“The EUR/USD rate did not react significantly to the outcome of Greek voting. The medium-term outlook is bearish as divergent central bank expectations continues to provide excuses to sell EUR/USD.”
“However, some corrective moves are likely in the days ahead.”
“We got long at 1.2175 with the target at 1.2270. However, we keep stop-loss tight at 1.2160.”