EUR/USD Drifts Toward Highs Ahead Of Greece Call

Expectations are on the optimistic side based on what has already leaked about Wed's closely watched conference call. Prime Minister George Papandreou will tell German Chancellor Angela Merkel and French President Nicolas Sarkozy of Greece's commitment to downsize its public sector and press ahead with a new property tax to meet its budget targets. Government spokesman Elias Mossialos told reporters that Papandreou will also ask his counterparts to quickly implement the decisions of a July 21 European summit granting new powers to Europe's temporary bailout fund. EUR/USD up near 0.40% at $1.3725, not far from its session high of $1.3748.

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(Video) Bob Prechter Explains 'Triple Top' Forming in U.S. Stock Market

This excerpt from the special video issue of the August Elliott Wave Theorist brings you Bob Prechter’s analysis of the triple top that has been forming in the U.S. stock market over the past 12 years. Watch as Bob himself explains what this pattern means for you and the markets.

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You’ll get a glimpse into the in-depth analysis Robert Prechter presents each month in his Elliott Wave Theorist with 3 excerpts from his most recent issues.

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