Market Takes On The USD / EURO Currency Pair

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Market Takes On The USD / EURO Currency Pair

Consider noting the EURO's rally to the 1.26 level against the USD could be considered to have met technical resistance, not to mention the fundamentals are still a disaster. At the same time, the USD has been consolidating without showing any serious relative weakness. So we could see this play start moving with the EURO resuming its decline and the USD continuing back into its uptrend. MarketClub's latest video focuses on the currency market, specifically on the USD, clearly identifying the consolidation and technical retracement to important Fibonacci points, check it out.

USD Consolidating For Next Move Up?

This entry was posted on July 13th, 2010 at 10:04:28 am and is filed under Investment Market Advisory, China: The New Reality.
Tags: advisory, currencies, euro, markets, news, usd

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