20th January Euro FX overview
Wednesday, January 20th, 201020th January 2010
Currency overview
Focus on the Euro (EUR/USD)
The Euro has continued to be under-pressure this month, a follow on from the bear trend it had settled in over the course of December. Whereas most USD crosses the USD had retraced the best part of the moves seen over December, the Euro only just managed to retrace to the significant 38.2% Fibonacci level. The start of this week has thus seen the market move markedly lower. (more...)
