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EUR/USD Breaks Uptrend Support on Greek, French Election Results

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by , 05-06-2012 at 08:26 PM (332 Views)
Euro/dollar starts the week with a big break: the pair started trading much lower, with a Sunday gap under uptrend support and below 1.30.

Election results in France and Greece are unfavorable for the euro. It managed to find support on low support. Where will this stop? Updates.

EUR/USD Downfall

At the time of writing, the pair is trading at 1.2970. The pair started at 1.3023 and never managed to reconquer the 1.3050 line or uptrend support which is at around 1.3065.

Read the rest of the article [B][U][URL="http://www.forexcrunch.com/eurusd-breaks-uptrend-support-on-election-results/"]EUR/USD Breaks Uptrend Support on Greek, French Election Results[/URL][/U][/B]
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