EUR/USD is now trading on the high end of the range, after German Chancellor Angela Merkel reiterated her commitment to resolving the crisis, including the use of ECB funds. This counters calls in Germany for curbing the powers of the ECB. The pair is also cheered by the upcoming Spanish bailout request. US indicators point in different directions, depending on which sector you look at.
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-17-rising-on-merkels-support-after-bouncing-off-uptrend-support/"]EUR/USD Rising on Merkel’s Words after Bouncing off Uptrend Support[/URL][/I][/B]
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