Euro dollar couldn’t break above uptrend resistance and is now settling in range. The euphoria that followed Bernanke’s moves faded away. The situation around Greece remains tense – a deal on Private Sector Involvement is always close, but it isn’t sealed. Also the ECB’s role is still to be seen. Today we get the initial assessment about the US economy’s performance in Q4 and we’ll see how good the situation really is. This exciting week is set to end with a storm.
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-27-settling-in-range-as-euphoria-fades/"]EUR/USD Bounces Off Channel Resistance as Euphoria Fades[/URL][/I][/B]
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