The euro keeps on with the uptrend, the news about the EU releasing the last bill for Greece's rescue, the amounts goes up to about 12000 million euros that will be paid on July 16th, meanwhile, Us government keeps on trying to get support from the democrats to avoid debt problems, its not looking good for the dollar.
Market tested the support around the zone of 1.4440 and its looking fine with crossing moving averages, target its around 1.4700 if the trendline is broken. In contrary if support is broken the downtrend will be confirmed and target would be around 1.4125
Thanks
No comments:
Post a Comment