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Why EURUSD's Bear Trend Will Struggle Unless Dow Breaks 13500

Why EURUSD's Bear Trend Will Struggle Unless Dow Breaks 13500

2012-09-25 01:54:00
John Kicklighter, Chief Strategist

EURUSD has held below the 1.3000-level through the opening move of the week, but progress is slow to develop. The Euro debt crisis is a constant threat for Euro-based pairs, but the docket for catalysts is light until Spain comes into focus on Friday. Unless an unforeseen development shocks the region's financial health, the market's will have to defer to underlying risk appetite trends. And, our benchmarks for sentiment continue to build pressure rather than provide resolution.

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