Eur/usd bearish trend
For the first time in about 10 days, EU showed bearish trend. Most of the economic experts r relating it with political issues going on in Spain. No doubt, political uncertainty is a big reason of it. But another important reason of this bearish trend is quick rise in currency value. Euro value increased by around 7% in last 2 months whereas eurozone is struggling to boost economic growth.
Political issues + economic problems = weaker euro in long run.
The good or ill of a man lies within his own will. – Epictetus
Nice overview. Do u think eur/usd will end this week with bearish sign? or ur forecast for the week is bullish? Coz in my opinion market is in ranging position and trend is still unclear for the current week.
Stick to your rules
Originally posted by uniquetraderNice overview. Do u think eur/usd will end this week with bearish sign? or ur forecast for the week is bullish? Coz in my opinion market is in ranging position and trend is still unclear for the current week.
Eur will continue to weaken in longrun.
The good or ill of a man lies within his own will. – Epictetus