Day: July 31, 2007

EUR/USD Can’t Stay Above 1.3700

After breaking back above the 1.3700 mark EUR/USD fell below this level as the economic releases on inflation and consumer confidence were released today. Struggling below this level, if continued, may precede the new bearish trend in EUR/USD, while rallying and staying above will mean a return to a long-lasting EUR/USD bull trend.Personal income and spending June numbers came out today close to the predicted values — 0.4% to 0.5% and 0.1% […]