The EUR/USD has really deteriorated since Friday after falling below previous April lows. The EUR/USD fell into a rapid decline from here, and is presently trading back below the highly psychological 1.30 level.
Though 1.30 has been broken, we wouldn't be surprised to see some support around this area as investors take advantage of oversold conditions and hesitate leaving 1.30 behind. Serious damage has been inflicted upon the Euro in reaction to dissent among the ECB.
Though 1.30 has been broken, we wouldn't be surprised to see some support around this area as investors take advantage of oversold conditions and hesitate leaving 1.30 behind. Serious damage has been inflicted upon the Euro in reaction to dissent among the ECB.
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