The Financial Fixed Odds update from David Evans, Market Analyst, BetOnMarkets.

The Euro has dropped 10% against the US Dollar as concerns over Greek finances intensify.

The latest controversy is over a complex currency swap which masked the full extent of Greece’s budget problems at the point it entered the Euro.

Throughout the Eurozone, countries such as Germany and Holland are indicating that they will not provide a full blow bailout for Greece which caused further turmoil last week.

Is all the bad news out already? Will the EUR/USD stabilise here? Or does it have much further to fall?

The chart below shows the likely stopping points on the way down.

Here are the levels and the returns you can get using a Fixed Odds One Touch trade over the next 35 days.

A One Touch trade predicts that the EUR/USD will hit that level within the time limit.

A – $1.3500

B – $1.3000: You can get a potential return of 290% by predicting that the EUR/USD will hit this level in the next 35 days.

C – $1.2500: You can get a potential return of 883% by predicting that the EUR/USD will hit this level in the next 35 days.

D – $1.4100

On the other hand, you can get a potential return of 535% predicting that the EUR/USD will stabilise and stay within A and D. You would use a Barrier Range trade for this.

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