Friday, March 8, 2013

EUR/USD fails to break triple bottom despite Italian downgrade

Rating agency Fitch decided to downgrade Italy’s credit rating from A- to BB+ leaving the country’s negative outlook unchanged.  They do not see a stable government in Italy in the near future. EUR/USD is reacting with another attempt to push through the 1.2960 that has been breached earlier, without any follow-through. The pair fell earlier
Read More... [Source: Forex Crunch - Posted by FreeAutoBlogger]

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