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Daily Forex Commentary March 3, 2010
03/04/10 by Brewer Futures Group
Filed under Commentary
March 3, 2010
Greek Budget Cuts, Technical Reversal Fuels Euro Rally
On Wednesday, the U.S. Dollar lost ground to most major currencies except the New Zealand Dollar. Early selling pressure triggered a change in trend when this index took out the last
main top at 80.14. In the process a new lower top was formed at 81.34. The charts are indicating that a break to 77.86 is possible over the near-term.
The EUR USD rose on Wednesday to its highest level since February 17th after traders covered …
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