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EUR/USD: Vigorous bounce off 1.11 aimed to fill gap down
Euro's slide accelerated to make a fresh 12-year low just a few pips below 1.11 before a vigorous bounce to 1.1180, just over 20 pips shy of closing its 50-pip gap down seen earlier in Asia. According to the latest counting - around 80% of the voted have been counted so far - Syriza is projected to win 149 seats, just two short of an absolute majority, with outgoing Prime Minister Antonis Samaras already admitting defeat, calling Syriza's leader Tsipras to congratulate him for the overwhelming victory in the election. As Valeria Bednarik, Chief Analyst at FXStreet, notes: "Syriza’s victory sparks fears the ... (full story)
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