(Vibiznews-FX) - Index Euro today (03-02, 07.25GMT) slid at 102.51, and has gone down - 0.02% from opening price (00:00 GMT). Chart D1 shows the index moves in the consolidation pattern, after breaking out from the bearish pattern during January trading.

Vibiz Consulting Analyst said that the index may be very dependent to Greek debt negotiations. European officials and Greek creditors say the rescue plan may be wrapped up in coming days.

A number of parties believed that the agreement cannot stop the process of bankruptcy of Greece, as the country is considered to have too much debt, but very weak economic growth and having a lot of budget leaks. The bondholders may suffer a loss of more than 70 percent.

Euro trading today will face the possibility of improvement in retail sales in December period and estimated might grow +0.4% from negative performance - 0.8% in November.

(Indra Yudistira/IYD/vbn)

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