The Euro has continued to lose against other currencies even as it lost value in the last 2 days to major pairs like the US Dollar & Japanese Yen.

ECB President Draghi speech on Tuesday didn’t seem to revive the ailing currency even as the IMF said the Eurozone crisis constitute the biggest treat for global financial stability.

More worries also lies ahead today for the single currency with the US FED Biege Book news coming at 18.00 GMT, even as the US dollar index has been rising for the last few days.

Technical analysis reading also point to indicates a bearish formation on the EUR/USD & EUR/JPY daily MT4 chart.

Leave a Reply

Your email address will not be published. Required fields are marked *