A Blog of Commentary and Ideas from an FXstreet Premium Member by 
Welcome to a new week, Everyone!
We begin the week with the “cornerstone” of the Major Units, the Euro.
While the Dollar has certainly been dominant overall the past several Sessions… are we seeing any positive Sentiment coming into the Arena to give the “deeply pressured” EUR/USD some glimmer of Hope?
So far, with the Open of the week… we are seeing moderate Appreciation here…. even though we are largely range-bound with some “noisy” Price Action.
I drew in a small Uptrend Deviation Channel here… well within our larger Macro-Daily Downtrend Channel we have had for quite some time now…
Here is the Hourly, so give it a Click… and Post-Time tonight (for me) is a bit early 1:20 GMT, so we may have a few more Updates along the way!
Now… we have a few larger Factors in view here when it comes to long-term Euro “health and strength”.
Having the pressure of the former Eastern Bloc countries as they “emerge” into stability is surely weighing on the EU.
One of the major Factors, in my personal view, is that most of these “outer” Countries will conduct their business in Euros and the Swiss Franc, hence adding even more “Weight” to various Obligations and Debt that is not being re-patriated.
If the EuroZone is having such marked difficulties of their own… think of the ”little guys” liker Georgia, the Baltic, Latvia, and others in trying to manage their own obligations.
Of course… we have no idea how all of this will play out in the end with certainty… but it sure does raise significant questions for the overall State of the EU to continue moving forward as a healthy and vibrant concept.
I will have some more thoughts on this later when we check in again with our next Update!
