daily forex : Euro Higher, Supported by Greek Bailout Hopes

With market hopes pinned on the Greek government, the Euro rose against the U.S. Dollar, striking a 3-week high as it approaches chart resistance that could cap near-term gains. In trading in Japan, as reported at 2:45 p.m., the Euro was trading against the greenback at $1.4431, a 0.2% gain from late New York trading; at one point it traded to a high of $1.4438 on the EBS trading platform. The Greek government is expected to outline details of its mid-term fiscal plan and austerity measures later today or tomorrow. One Forex strategist pointed out that diminishing concerns of a Greek debt restructure may push the Euro higher over the next month, perhaps to as high as $1.47.......read full article  at daily forex