21 Aug 2014
No signs of a possible EUR correction
FXStreet (Łódź) - Independent Analyst Vladimir Mihaylov points out that there is still no EUR correction in sight after its almost 200 pips drop seen on Monday.
Key quotes
"EUR is in a free fall state, after bad data from the EU and Germany, and better news from the US."
"Dollar is stronger than ever but i wonder if this is a temporary strength or the start of continuous EUR weakness."
"The pair needs a correction at least to 1.3330-50, and maybe more next week."
"But first we need to deal with the 1.3290-1.3310 resistance area (previous good support)."
Key quotes
"EUR is in a free fall state, after bad data from the EU and Germany, and better news from the US."
"Dollar is stronger than ever but i wonder if this is a temporary strength or the start of continuous EUR weakness."
"The pair needs a correction at least to 1.3330-50, and maybe more next week."
"But first we need to deal with the 1.3290-1.3310 resistance area (previous good support)."