euro vs usd

With the us dollar continuing to look weak on the usd index chart, it comes as no surprise that the euro vs dollar is currently exhibiting a bullish tone as the price hovers below the USD1.30 price point once again, with Friday’s candle suggesting bullish momentum as a result.  This was clearly signalled by the depth of the lower shadow which found strong support from the 14 day moving average, and with the dollar set to decline the euro vs dollar is likely to be a main beneficiary along with the broader commodity markets.  As such we can expect to see the pair climb above USD1.30 with a break beyond the recent temporary pullback at USD1.3028 with the pair pushing on towards the deep and sustained congestion which begins at USD1.3224 and continues all the way up to USD1.3783.

All the fundamental news for the euro vs dollar is now covered on the main forex trading site.  With little fundamental news today expect to see the bullish trend develop later in the week.

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The death of money