EUR/USD continues the downwards slide and is now consolidating under another support level. A week has passed since Spain opened the door for asking for help – a condition for ECB help. However, Spain is not in a hurry to actually take this extra step, and in the meantime, more voices are heard in Germany against ECB intervention. On this background, Spanish yields rise and the euro slides. Positive US figures add to the fall of the pair towards the weekend.
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-aug-10-slide-continues-as-doubts-mount/"]EUR/USD Aug. 10 – Slide Continues as Doubts Mount[/URL][/I][/B]
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