[B][URL="http://www.forexcrunch.com/category/forex-weekly-outlook/eur-usd-outlook/"]EUR USD[/URL] has taken serious damage after the Fed decision and bottomed out at a lower support level. Now, the pair is on the rise. After losing the steep uptrend channel, the direction seems down.[/B]
The [URL="http://www.forexcrunch.com/bernanke-prints-dollars-greenback-back-down/"]Fed decision[/URL] on Tuesday evening was digested on Wednesday, and the results were devastating. Fear of a global slowdown, or even a global double-dip recession sent stock markets tumbling down and forex traders flocking into safe haven currencies. The yen reached a fresh 15 year high against the dollar, and the dollar in tun made the highest daily gain in a long time. This first big wave is over. What now?
Read the rest of the article about [URL="http://www.forexcrunch.com/euro-rising-before-a-new-fall/"][I][B]EUR USD pause before fall[/B][/I][/URL].
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