Euro Power Day

June 29th, 2012

What a day for the Euro. Friday June 29th the euro surged more than it has all year against the dollar. Leaders of Europe showed progress on resolving the recent crisis of debt.

The Euro also showed an 8-month-high against the yen.

This announcement could set the pace for a bullish Euro near-future. Not only a technical power bar but a fundamental major step forward for the European economy.
Also the dollar has weakened today against many of it’s most traded currency opponents as the dollar index fell as much as 1.7%.

Written by: Tony College

June 29th, 2012

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