AUTOREFRESH 
EUR/USD slips back as post-vote momentum wanes
By Sean Lee || February 13, 2012 at 00:36 GMT
|| 6 comments || Add comment
Solid technical resistance at 1.3260 and sell orders just above there between 1.3265/80 are taking a toll on post-vote EUR bullish momentum and the EUR/USD is back mid-range for the day at 1.3215. Difficult to see Asia breaking any more new ground today so we will probably range trade until the European big hitters walk in and show what they think of the single currency.
This should help a little in the morning:
Europe’s rescue fund may provide 35 billion euros ($46 billion) to help Greece buy back bonds held by euro-area central banks as collateral, draft legislation published by the Greek government shows.
http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_13/02/2012_427391
Evenin Sean
Hey Lilac, long time, you must’ve been busy spending all those squizillions you made last year??
So the vote was 199-74. I think pre-vote talk indicated a bigger majority than this. This is probably one reason for the EUR to drop back to today’s open levels.. I also have a feeling that $35B mentioned in the article above was discussed way back and already included in the package?
Yeah in my dreams
I’ll try and catch up with you this week.
Yes it was T – it’s all a bit confusing to me because of the other 30 billion and another 23 billion mentioned.
Hi guys, the 35b was discussed in july last year, not sure if it was included in bailout though…….