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EUR/USD: Bears just starting to warm up
An eye blink: that’s how long Obama’s victory euphoria lasted in the forex market. Attention shifted quickly to Europe, where Greece will be deciding today whether to approve, or not more austerity measures and the latest EU growth forecast report that painted a doom future for Europe. ECB’s president Mario Draghi, did not helped much stating also that Germany is being dragged down with the rest of the euro zone. Sentiment shifted to risk aversion, and dollar soars across the board, but when it comes to the EUR/USD, seems bears are just starting to warm up: the pair tested and holds quite close to a key support ... (full story)
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