Forex Trading Live Update, Monday 18th June

by Joe Oliver, Forex Trading-Pips

The euro strengthened on Monday to trade above 1.2700 after politicians that are pro Greeceā€™s bailout won enough seats to control parliament, reducing fears of an imminent Greek exit from the euro. According to official projections, New Democracy and Pasok parties won enough seats to form a majority in the 300-member parliament. Hedge funds and other large speculators recently cut back on trades betting on further declines in the euro according to data released last Friday by the CFTC.

EUR 60 minute bars

EUR 60 minute bars