EUR/USD - 5 Reasons for Weakness
From fxclub.com
A volatile intraday session in the EUR/USD allowed for more weakness in the 17-nation currency over an intermediate term. The currency pair remains below a structured resistance of 1.4250. Since the sell-off in the Euro incurred, EUR/USD currency pair has lost as much as 5 percent. Weakness in the Euro has been structured by a segment of events, and if continued overall weakness in the currency can further be felt. Unless, fundamental perspectives will change in a shorter term, EUR/USD could possibly test a 1.4000 level. Weakness in the Euro has been formed by: 1) Collapse in Risk Appetite - A severe drop in ...
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