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Euro's Dead Cross
EURUSD's downtrend is now confirmed after its 50-day MA has fallen below its 100-day MA, strengthening the bearish technical signal with an already deteriorating fundamental foundation.
Ashraf
I think FOMC decision and further Greece and Spain development are in favour of your opinion.
The uncertainty about thiese matters have not yet diminished ? What do you think about the bailout rumours, a joke ? German cannot afford too much, tehy have their own political opponents and want the "Berlin Mauer" back
see how EURUSD daily rally is very smiliar to that from mid Dec to mid Jan.
watch out from retail sales later this morning.
Ashraf
http://www.ashraflaidi.com/forex-news/
will be on CNBC Closing bell at 1515 EST
Ashraf