What could derail the Euro? – Weekly Forex Fundamental Analysis Forecast 07/14/10
The Euro has been moving up the last month and a half but it is approaching very dangerous territory. Check out these forex trading tips for the week ahead to be prepared on how to react to what the Euro does to make money trading forex.
2 Responses “What could derail the Euro? – Weekly Forex Fundamental Analysis Forecast 07/14/10”
On eurusd, usd is weaker fundamentally with its poor trade balance result yesterday.Technically price has not close above 1.27000 for a long time which it did yesterday. eurusd is bullish near term.
Tajudeen,
I agree with what you said about the EUR/USD being bullish in the near term and in fact said that in the video, but the USD is NOT weaker fundamentally with the sovereign credit risks occuring in Europe right now. The media isn’t making a big deal about it, but several states in the EU are facing credit difficulties and other economic problems.