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Euro/dollar starts the week with a big break: the pair started trading much lower, with a Sunday gap under uptrend support and below 1.30.

Election results in France and Greece are unfavorable for the euro. It managed to find support on low support. Where will this stop? Updates.

EUR/USD Downfall

At the time of writing, the pair is trading at 1.2970. The pair started at 1.3023 and never managed to reconquer the 1.3050 line or uptrend support which is at around 1.3065.

Read the rest of the article [B][U][URL="http://www.forexcrunch.com/eurusd-breaks-uptrend-support-on-election-results/"]EUR/USD Breaks Uptrend Support on Greek, French Election Results[/URL][/U][/B]

The British pound had a rare off week, as GBP/USD was down 130 pips, closing the week at 1.6141. The upcoming week is very busy, with ten releases, including Manufacturing Production and PPI Output. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD.

The pound lost ground against the dollar, as the Services and Manufacturing PMI readings both were below the markets expectations. As well, HPI data continues to point to a weak housing sector, as consumers continue to be cautious about making major purchases, such as a new house.

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/gbpusd-outlook-may-7-11/"]GBP/USD Outlook May 7-11[/URL][/I][/B]

Euro/dollar fell around 170 pips to lower ground within the narrowing channel in a turbulent week. Elections in Greece and France over the weekend will set the tone for the whole week, which also features other events. Will the pair stay in the range? Or will events force a breakout? Here is an outlook for the upcoming events and an updated technical analysis for EUR/USD.

The recession is in the euro-zone seems quite deep according to recent PMI figures. Even Germany saw a rise in unemployment. Nevertheless, Mario Draghi is still optimistic and sees the economies recovering in the second half of 2012. Is the bottom really close? Or can we expect another round in the crisis very soon? In the US, NFP showed a gain of 115K, weaker ...