EURUSD 1.3850 Support Broken Ahead of Eurozone Meeting this Friday

Quote of the day: “A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.” – Winston Churchill
EURUSD – 1.3825 @07:55 GMT
Good morning, everyone. Euro’s failed attempt to hold recent gains above the trendline connecting the higher lows of last 3 weeks provides a sound reason to sell, targeting the next downside objective at 1.3750/80. The Euro zone leaders are meeting tomorrow in�Brussels to address plans for a permanent debt rescue system, so it’s likely that the EUR will stay under pressure ahead of tomorrow’s event. Now that 1.3850 has been breached to the downside, Read More

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� 2011 FX Trading Blog - innerfx.com | Article Source | Post tags: Euro-zone crisis, EURUSD

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