Filling The Weekend's Bearish

In anticipation for the Greek issue’s developments, the Euro/Dollar pair rallied this morning as traders printing a new high at 1.3007(Market Price) after surpassing yesterday’s high at 1.2985. The pair opened the trading session with a bearish gap at 1.2877 after closing last week at 1.2929; however it quickly recovered the losses. The current rally is an extension of the relief rally that was trigger after bottoming at 1.2625 which was trigger by the series of encouraging data from auctions around the debt-laden euro countries in addition to the relative improvement the U.S. economy is showing. The main headline for today is the Euro finance ministers meeting, the ministers are to discuss the terms they are willing to accept of debt restructuring as a part of a second bailout for Greece, ...