Forex Technical Analysis of 27/10/2010

EUR-USD GNP of Greece is expected to decline by 4%, with an unemployment rate approaching 12% for 2010, according to forecasts by the central bank.

 Guy Quaden of the ECB, the level of the euro is not really outside its fundamentals, and a war of exchange would be the worst war imaginable for developed nations. With this information, the EUR / USD has been under pressure, falling to 1.3824 from 1.3982. For this Wednesday, we opt for the channel 1.3775-1.3875.



Source: http://www.forex.fr


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