By: Scott Redler
We put IRE on the radar earlier in the week, and the first attempt at a breakout it could not break through the level. With the EU approving an aid package for Greece, there is additional clarity in the Euro Zone that will only benefit the zone as a whole. The trade still looks good, and news this morning may provide a catalyst for the long-awaited move. The Bank of Ireland has agreed to sell assets to gain approval from the European Commision for the government sponsored bailout, a large step towards resolving the issues plaguing the bank.
