Euro dollar is rallying in an impressive manner, breaking another important resistance line. The rally that began with Bernanke’s extension of the zero-rate policy continues with new hope of getting a deal done around the Greek haircut. In addition, more signs of strength from Germany and a successful Italian bond auction also help the single currency. Another significant bulk of US data awaits the markets. How far will the euro go?
Here’s an update on technicals, fundamentals and what’s going on in the markets.
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/eurusd-jan-26-extends-impressive-rally-on-psi-deal-hope-and-bernankes-boom/"]EUR/USD Extends Impressive Rally on PSI Deal Hope and Bernanke’s Boom[/URL][/I][/B]
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