Technical:
Simple Fib Retracement indicating a short position on EUR/USD over a 4 week period.
Fundamental:
US interest rates are at an all time low and Bernanke has hinted multiple times US economic data including housing and GDP may support an interest rate increase. The market should react to the FEDs meeting on 31 July before the meeting takes place.
Simple Fib Retracement indicating a short position on EUR/USD over a 4 week period.
Fundamental:
US interest rates are at an all time low and Bernanke has hinted multiple times US economic data including housing and GDP may support an interest rate increase. The market should react to the FEDs meeting on 31 July before the meeting takes place.