Daily Forex Commentary February 8, 2010

February 8, 2010

EUR USD Unlikely to Reverse Downtrend until Sovereign Debt Issues are Resolved

The EUR USD traded all over the intraday charts while experiencing a choppy two-sided trade throughout today’s session. Volatility and indecision could be the theme this week as
traders are unlikely to make up their minds about reversing this market to the upside until a resolution is reached regarding the sovereign debt issues in the Euro Region. Continue to look for
volatility, highlighted by directionless trading until the European Central Bank, European Union or …

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