You are currently not signed in.

Please sign in or register.

Eur/usd bearish trend

Page: 1
Feb 05, 2013 05:49 am
#1
ironical User

Posts: 734
Member since: 22/04/2011

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

Feb 05, 2013 06:25 pm

Posts: 939
Member since: 21/04/2011

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

Feb 09, 2013 03:47 pm
ironical User

Posts: 734
Member since: 22/04/2011

Originally posted by uniquetrader

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.



Eur will continue to weaken in longrun.

The good or ill of a man lies within his own will. – Epictetus

Page: 1