Greece warns to stop servicing its debt if its lenders refuse to participate in the bond swap. The Greek authorities see no way to pay off their debts to private bondholders, who are discontent with the debt-restructuring conditions. They threaten to make changes to the legislation so as to make the bondholders agree to the conditions if they don’t accept them voluntarily.
According to the Department of Market Volume Analysis of , the 6E futures (EURUSD) has recovered a little after yesterday’s decline and is trading around 1,3145 (1,3144 Forex). During yesterday’s American trading session the price saw an abnormal volume cluster being formed around 1,3124 (12500 lots). This is the closest level of support. Traders and investors should focus on the price behavior and reaction to this level as it may give a hint concerning the future price direction.
Resistance levels - 1,3160 (1,3159 FX), 1,3206 (1,3205 FX), 1,3222 (1,3221 FX).
Support levels -1,3110 (1,3109 FX), 1,3082 (1,3081 FX) , 1,3045 (1,3044 FX).
