As US Data is Scheduled
The Euro continued to give up ground on Monday against the US Dollar as did the Sterling, Swiss, and Aussie. The Yen, and Canadian Stayed stable.
Tuesday brings no scheduled news for the Euro zone worthy of mention, but the US calendar brings in International Trade reports in the morning and the US Treasury Budget later in the afternoon. This may give the currencies some time to retrace - time will tell.
Euro Inside Old Support Range
August 12, 2008 - daily Chart (Click to Enlarge)
The Euro has now fallen Through Support and is in familiar territory.
From Nov 2007 through March 2008 the Euro trended Sideways from 1.4300 - 1.500
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