Monday, September 12, 2011

EUR-USD Technical Analysis 12 September 2011

The long-term perspective for EUR-USD is obviously heading downtrend as the war in Libya, Iraq, Afghanistan, Egypt, Yemen, and Syria now about to finish and also economic condition in the US improving. All these factors will help the EUR-USD acceleration downtrend. Apart from that the inevitable of economic cycle is now favoring the US Dollar more than Euro and Pound Sterling.

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