With the euro and euro-zone struggling, the markets are anxiously hoping that Wednesday’s EU Summit will lead to some tangible results. Skeptics might argue that diplomatic protocol will be needed to ensure that it doesn’t become a Merkel-Hollande bout, as the two leaders are far apart on how to fix the crisis gripping the Euro-zone. The key release today will be US Existing Homes, with the market expecting a significant improvement from the April release. Will the indicator deliver the goods?
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-may-22-all-eyes-on-eu-summit/"]EUR/USD - Eyes on EU Summit[/URL][/I][/B]
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