Euro Bounces Up on Greek Opinion Polls - 28.5.2012

The Euro against the US dollar bounced up to the 1.2620 resistance level on Monday morning as the Greek opinion polls indicated a growing power for parties supporting the bailout plan from IMF and EU. The Euro after five days of consecutive decline is struggling against its major peers not to increase further its losses, against the US dollar it fell to the 1.2496 support on Friday and today found resistance at the 1.2620. Against the British pound the Euro after finding support at 0.7979 record low it pulled back up to 0.8036 resistance level today. The Single currency versus the Japanese yen is trading sideways between the 100.21 resistance and the 99.44 support level.