- EURO on an obvious downtrend Vs Dollar


Master Trader
Jan 11, 2011
The Euro suffered severe losses against the greenback on at the opening of the Asian session, extending its losses since the closing of Tuesday’s European session. The downgrade of Greece and Spain from two different credit rating agencies within few days, have brought in the front pages again the debt problems of the peripherals in the Euro zone, weighing on the common currency.

As it was expected the EURUSD pair faced strong resistance on the 1.4000, without managing to become well established on the high fly. The Euros on its downfall so far versus the US Dollar has lost some 174 pips, to end to a low of 1.3861, slightly above the key suzpport level of ... Full Forex News at : - EURO on an obvious downtrend Vs Dollar