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EURUSD Extends Losses After Weak Ezone Data but...

by Ashraf Laidi
Jul 5, 2011 22:31

The $1.6 cent decline in EURUSD made fundamental sense after a double whammy release of Ezone data, followed by Moody's downgrade of Portuguese govt debt rating to junk. But increased signals of a Thursday ECB rate hike may keep EURUSD shored up above key support levels. Monday's EURUSD shorts hit all targets, while EURJPY are still working. For our Tuesday Trading ideas from the latest Premium edition click here:

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