Traders who have jumped onto the selling bandwagon of the EURUSD have likely enjoyed the past handful of days- Forex Forecast
Downwards price action continued most of last week for the EUR/USD as market sentiment remained nervous. The bearish trend of the EUR/USD has been rather strong since the first week in May; the currency pair touched a high of 1.10950 on the 3It needs to be noted that the selling of the EUR/USD has correlated to other major currency pairs.
The U.S. debt ceiling talks should be watched; while an agreement is expected a failure to find an end to the crisis could spark additional risk-averse Forex conditions short-term. Speculators who are still dreaming about the 1.10000 mark for the EUR/USD should put aside their ambitious targets this week and seek goals upwards that are less ambitious
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