Euro/dollar didn’t need a gap in order to fall again and reach a 22 month low. Greece and Spain just look worse with every day that passes by. Will the common currency fall for a fifth week in a row? Here is an outlook for the upcoming events and an updated technical analysis for EUR/USD.
The talk about a Greek exit of the euro-zone is accelerating and there are reports that even Greece is actively working on a new currency, just as tax revenue falls again. Spain’s rich Catalonia region needs government help just after the recently nationalized Bankia is asking for more money. And speaking of the rich, Germany is in trouble as well: manufacturing is falling fast, together with plunging business confidence. Let’s start:
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/eurusd-outlook-may-28-june-1/"]EUR/USD Outlook May 28 – June 1[/URL][/I][/B]
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