[/caption] Forex managed funds and day trading room - Inability to close above 1.38 and the European community wavering on any support for Greece is strengthening the dollar as a flight from risk. Downside targets, 1.3580 1.3475-85 1.3340 expecting a retrace to the 1.3625-35 area then continuation. FX Markets continue to lack conviction and suffer from frivolous risk "on / off" sentiment (unlike equities and commodities, which have taken a clear bullish tone). The EUR and GBP's rally was halted dead in their tracks after the wires cited Greek officials (some reports named other anonymous) stating that he was not hopeful a solid aid proposal would be reached at the March 25-26th EU summit and was prepared to go to the IMF. To make matters worse, the source said that the bad feelings between Greece and Germany had increased, making negotiations difficult. Greek Deputy PM Sachinidis said later lack of support for Greece by EU leaders would have significant consequences for the EUR. These words clearly provided a reality check for the markets that the situation in Greece is far from being resolved (despite continued EU bailout grandstanding). Elsewhere, EU Commission President Barroso said the design of a bailout mechanism for Greece is being developed. And in response to comments from German Finance Minister Schaeuble and Chancellor Merkel, that a member state could be forced out, Greek Prime Minister Papandreou adamantly stated tha [...] Forex trading - live day trading course and currency trade room.
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