[/caption] € Forex Day trading The euro appreciated vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.3755 level and was supported around the $1.3585 level. The common currency snapped higher despite lingering concerns about eurozone sovereign credit risk. Traders expressed some satisfaction today, however, with the hard line approach that eurozone officials are showing Greece. The European Union today announced it is providing Greece with 30 days to confirm it is serious about improving its fiscal problems. Eurogroup Chairman Juncker said a financial lifeline for Greece "depends on how far Greece agrees to additional measures in case those are warranted." Greece will likely be forced to curtail fiscal spending and raise taxes to qualify for credit assistance from eurozone members. U.K. Chancellor of the Exchequer Darling called on Greece to "resolve its own budget problems." Eurozone finance ministers today nominated Portgual's Constancio – a known monetary dove - to become the next Vice President of the ECB and some believe this heightens the likelihood that Germany's Weber – a monetary hawk - will become the new ECB President in 2011. Data released in the eurozone today saw the German February ZEW economic sentiment survey decline to 45.1 from 47.2 in January while the EMU-16 economic sentiment index receded to 40.2 from 46.4 in January [...] Forex trading - live day trading course and currency trade room.
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