[B]The euro underwent another hectic week, but this time it ended much lower. The upcoming week consists of more scrambling towards a resolution for the Greek crisis, and important indicators. Here is an outlook for the European events, and an updated technical analysis for EUR/USD.
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While Trichet did signal a rate hike in July, everything else he said was euro-bearish: high uncertainty, distancing himself from the debt crisis, and a hint about the high exchange rate. Time is running out for Greece, and it is not a good time for European leaders to be in a deep rift. We have meetings of economy ministers this Wednesday, towards the summit next week. Let’s start.
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/eurusd-outlook-june-13-17/"]EUR/USD Outlook – June 13-17[/URL][/I][/B]
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