In currency trading the Asian session today (25-02), the Euro currency was declining quite sharply against the U.S. Dollar. Pair EUR / USD is now moving in the range of 1.3450.
Greece to this day still very difficult to cut its budget deficit as demand EU (European Union). Confidence in the ability of Greek grim enough in the middle of a weak economy and political conditions that are less supportive, so there are fears that Greece will not get help.
It seems investors can not be fooled again, where before there was speculation that positive enough for the Greeks. But in reality, the situation in Greece was very worried, so the safe-haven currency once again be hunted. As long as there is no obvious solution to the problems of Greece, the Euro will continue to be depressed. Beware of rumors that provide positive sentiment, because this issue has dragged for a long time.
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Yes the Euro is setting up to slide down the mountain together with an avalanche.
Greece beeing just the top of the iceberg and Portugal and Spain the cause of the avalanche.
The EUro is heading down, financial guru’s are even saying Dollar:Euro = 1:1
Very tricky market to be in, but there is one thing you know EUR/USD —> BIG FAT Downtrend. SO SELL