Forex Blog

First-hand Forex trading experience and information about foreign exchange market that will be useful to traders


EUR/USD New Lows

May 21, 2007 (Last updated on November 29, 2009) by

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required (will not be published)