After posting a two-week high on Friday (April 20th), Euro dollar retracted, giving up most of these gains by the start of the trading week. The markets shifted their gaze from Spain to France, where President Nicholas Sarkozy did not fare well against challenger Francois Holland. Holland has called for a renegotiation of the euro zone fiscal pact, which could of course, have major implications for the Euro. Monday morning greeted the markets with a host of disappointing releases out of the Eurozone this morning, particularly in the manufacturing sectors. As a result, we could see the Euro drop even further as the trading week gets underway.
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-april-23-euro-zone-releases-disappoint-markets/"]EUR/USD Falls as Euro-zone Releases Disappoint Markets[/URL][/I][/B]
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