Forexzilla.org

After 3 failed attempts, finally EUR/USD is above 1.5000. The fundamental explanations were the stronger than expected Ifo and Fed’s Vice Chairman Kohn concerns about downside risks to growth. The real reasons probably KO barriers above 1.5000 and the strong euro uptrend. All the bad news for the US economy should be priced in by the forex market, but the Big boys need directional movement to make money and have all the knowledge and resources to generate it. Let’s see if ECB has something to say?