Top Menu

Feedburner

Right-Side Top Menu

Forex Blog
My Forex experience and some Forex related information that might be useful to other traders

EUR/USD New Lows

May 21st, 2007

Today EUR/USD hit new monthly minimum at 1.3436 since April 12. The most probable reason for this dollar “mini-rally” is the U.S. bonds auction which provoked a lot of USD buying on Forex. Such auctions usually stimulate a demand for the U.S. currency and this time it helps to break the bullish daily EUR/USD trend.


Leave a Reply

required
required (will not be published)
optional

Subscribe to Monthly Forex Newsletter