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Yohay

EUR/USD May Bounces Off Support on Italian Promises

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Yohay
, 05-25-2012 at 04:58 AM (545 Views)
Euro USD managed to find support on low ground and bounce off. Italy’s technocrat Prime Minister Mario Monti said that Greece will likely stay in the euro-zone, and that Italy can help convince Germany to “support Europe’s common good”. Germany just opposed sharing its credit rating through eurobonds , and not for the first time. Will the pair close the week with a positive tone like last week? Or is the next fall around the corner?

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-25-bounces-off-support-on-italian-promises/"]EUR/USD May Bounces Off Support on Italian Promises[/URL][/I][/B]
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