USD Bullish Trend Continues
EUR/USD continues on its way down and now it is a trend which must be taken to consideration even for long-term Euro bulls. Correction which has seemed to be trying to return EUR/USD back to bullish trend on 04/06 and 05/06 stopped too soon releasing EUR/USD to even deeper lows. Today on Forex EUR/USD reached new low since March and it doesn’t seem to be stopping yet. Overall there are some good data from U.S. coming almost everyday. Today — Retail Sales came out to be more than twice as higher as expected — 1.4% against 0.6%, while oil and gas reserves remained on high levels.
Tags: EUR/USD, Forex, fundamental analysis, oil, retail sales
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on Wednesday, June 13th, 2007 at 5:30 pm.
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