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  • EUR/USD: 1.2520 An Important Zone Of Support 0 comments
    Jun 21, 2012 3:35 PM | about stocks: FXE

    All manner of support comes in at 1.2520 for EUR/USD (FXE). We've got the 50% fibo of the whole 1.2288/1.2748 rebound as well as a confluence of several tops and bottoms.

    Mr. Market is apparently suffering from heat stoke and Dr Bernanke won't be along with any magic elixirs until at least August 1. In the meanwhile we have a series of bank downgrades to absorb, probably just after the New York close. CNBC says 14 of 15 banks under review will be downgraded.

    Themes: Currency ETF Stocks: FXE
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