Monday, August 18, 2008

Currency pair analysis for EUR/USD.

FED stopped dramatic rate cuts and possible next change action to be rather rate increase than again decrease. Next week Q2 GDP numbers showed that big EU economies already contracts where US economy is still positive. This makes different picture for currency pair EUR/USD and we could see interesting move in last weeks.

EUR crossed below its long term technical support against USD and further weakens. Adam Hewisons made analysis and has started to short EUR on 29th July at 1.5611. See his full video with currency analysis.


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