Forexzilla.org

After the G7 meeting the forex market opened with gap. EUR/USD tested the lower boundary of the ascending triangle but couldn’t break below so the pattern is still intact. Euro was pushed up by strong Mid Eastern names buying. Probably the Asians and Russians will test the patience of the central bankers and this week we can see a test of the 1.60 handle. What will be the outcome? No one knows. Let;s wait and see. Until then, be very careful and don’t leave long euro positions without stop.