January 24th, 2012
EUR/USD: The bears take over from here
jpyforexfan
Just about an hour passed since my last post, and the grizzlies have fully dominated the euro bulls especially as S&P came out with a headline reading “Greece would in all likelihood would qualify as a default”. Of course, it’s not a secret what these guys tell us; we just don’t know when exactly is Greece going to default and how messy (and contagious) will the default be.
Here’s the 4-hour chart of the Eur/Usd forex pair as of now:
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