EUR/USD is struggling around the fresh two year lows it plunged to on Friday. After Draghi cut the rates and acknowledged economic weakness, the release of the US Non-Farm Paryolls set a new wave of falls. Draghi will have another chance to impact the euro in an official testimony, as euro-zone finance ministers meet and will try to make progress on the EU Summit decisions. Their chances aren’t too high, as bickering continues. Funding costs continue rising.
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-july-9-unable-to-recover-after-downfall-before-eurogroup/"]EUR/USD Unable to Recover after Downfall, Before Eurogroup[/URL][/I][/B]
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