The United States economy emerge stronger with the closing approaching signalling the end of a turbulent week for the EURUSD that has seen the pair plummeted to the 1.27 region. This may indicate that the EURUSD may continue its slide as the pair has consistently lost value against the US Dollar the past week.
Political & economic factors emerging as a result of the US presidential elections might have given the Dollar significant boost in its fight against the Euro as the USD Index has steadily risen for the last couple of weeks hitting a 2 month high of 81.06.
The US economy seems to be emerging once again as favorable political news seems to have risen the single currency against its counterparts, even as Eurozone continues to find a solution for the Greeks.
In the coming weeks, it is expected that the US dollar would emerge stronger indicating more selling of the EUR/USD and successfully breaching the 1.2700 psychological level with 1.26 & 1.25 next major supports.