Elliott Wave Trading EURUSD 13 Feb 2012
Elliott Wave Trading EURUSD 13 FebOn Friday, the U.S. session, the European currency fell against the U.S. dollar. The reason for the fall, could serve as an unresolved problem with the Greek debt, the decision on which all delayed and shifted. Also on Friday, the international rating agency Standard & Poor's downgraded the credit ratings of 34 Italian banks. The downgrade came after lowering of Italy's sovereign rating to BBB +. In a word negative enough to fall into the correction.
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