Euro - dollar (eurusd) is
the most liquid pair in Forex market. So it means that a lot of
traders look at it an trade it. Many traders like this pair because a
number of players traiding this pair is very large, so it means that
technicals work very well. In this article I am writing what I think
could happen with this pair this and comming few weeks. I will use
most popular analysis tools – Fibonacci retracements, lows, highs,
few support/demand levels and channels. Also I will not forget
fundamentals, that are really important now.
Fundamentals
I start with fundamentals to
build a general view. Currently everyone forgot United States of
America problems – jobless, bad manufacturing numbers, quantitive
easing and so on. So we cannot forget, that US still have a lot of
problems. But these problems cannot be compared with the one's in
Europe. Biggest issue is debt of countries. We all know Greece. Debts
are dangerous not only to countries, but also for banks, that hold
these debts. That's why Germany wants to „save“ the Greece. Many
of Germany banks lended to Greece names. And now, when Europe Union
agreed of aid package for Greece in exchange with austerity politics,
Greece populis…