Well that didn't take too long.
Greek bailout reminders flashing.....for reference it was announced on or about Feb. 9, 2010....details about 9 days later. Stabilization before the questions came into play and then a month later, down on risk selling, etc etc.
80-95 billion appears to be the consensus in terms of the size of the Irish aid package as per reports / Moody's commentary earlier in the day.
Euro is currently slightly consolidating / in its short term downtrend around its local, upward sloping (demand) trendline with the weekend gap now closed. Keep in mind the larger, more prominent demand line has already busted circa 1.3708.
..........And Side Note: Our good friend Chris Lori just announced a free webinar on Interest Rate Spreads and FX for those interested: https://www2.gotomeeting.com/register/565735387
