Dec 15, 2009

Forex Crunch EUR/USD Breaks Down amidst ZEW Economic Sentiment

Forex Crunch EUR/USD Breaks Down amidst ZEW Economic Sentiment


EUR/USD Breaks Down amidst ZEW Economic Sentiment

Posted: 15 Dec 2009 02:34 AM PST


EUR/USD made a clear and strong break out and fell below the support line. This comes on the background of a drop in the ZEW Economic Sentiment among other concerns: the credit crunch is far from over. The more important support line is getting very close. EUR/USD, the world’s most popular pair, now trades at 1.4530, [...]

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