EUR/USD
Daily Forecast, amid Greece protest against austerity
measures /MBCFX /02/21/2013
The EUR/USD dropped
sharply to reach the expected target of $1.3280
that we have mentioned yesterday, where it has succeeded in breaching down the
ascending channel, and this is what we recommended you since the beginning of this
week. So we wish that you have benefited from our analysis.
We remain expecting
further decline of the EUR/USD towards the Moving Average 500 at $1.3135,
especially that the general trend of the market would remain bearish.
Especially after Greeks began a general
protest, which is
the first one since the beginning of 2013,
so people are protesting
against the austerity measures as
Greek workers stopped
working on Wednesday, to complain against wage cuts ,tax increases and other austerity
measures.
Therefore, both the technical and fundamental analysis indicate that the
Euro would decrease further against the US Dollar and the other different
currencies.
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