EUR/USD continues to edge upwards, as market expectation is growing for a powerful ECB intervention to cut borrowing costs in Spain and Italy. Will we see a breakout by the euro? In economic releases, Italian Industrial Production and Preliminary GDP disappointed, as both posted declines. The markets will be keeping a close eye on German Factory Orders, as well as a speech from Fed Chair Bernard Bernanke later today.
Here’s an update about technical lines, fundamental indicators and sentiment regarding EUR/USD.
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/eurusd-august-7-edging-higher-on-expectations-of-ecb-intervention/"]EUR/USD Edging Higher on Expectations of ECB Intervention[/URL][/I][/B]
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