The positive retail sales numbers especially the Autos Sales has strengthened the Dollars.
Tomorrow, the Italian new PM Monti is to announce his new economic policy which has slowed down the dumping of Euros upfront..
The weak Spanish auction, and the Italian 10-year yields back over 7.3% and blowouts in periphery spreads have brought negative sentiments to Euros too.
Technically, the Euro/Usd is now retesting the structural support near 1.3360( See the Attached Daily chart). The bearish sentiments with confirmation from all the Indicators are pointing down towards the psychological 1.30000 level near terms
The wave "e" has been the forecast dip near /below 1.3000 near term,
Tomorrow, the Italian new PM Monti is to announce his new economic policy which has slowed down the dumping of Euros upfront..
The weak Spanish auction, and the Italian 10-year yields back over 7.3% and blowouts in periphery spreads have brought negative sentiments to Euros too.
Technically, the Euro/Usd is now retesting the structural support near 1.3360( See the Attached Daily chart). The bearish sentiments with confirmation from all the Indicators are pointing down towards the psychological 1.30000 level near terms
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