EUR/USD on Brink of Breakdown


  EU Leaders Meet for Summit

As trading gets underway this week, it looks like there is mounting pressure on the EUR/USD that could send the currency pair lower. Last week, we saw support for the EUR/USD hold at ~1.3200, but we have already dropped below that level in trading this week...and 1.3000 isn't looking all that far off.

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Here are a few of the topics we discussed in today's Ask the Expert: Forex video.

- Traders beginning to wonder about possible downgrade from France's AAA rating
- GBP/USD has found support at 1.5500
- Watch for more bullish pressure to surface on the CHF
- USD/JPY will most likely consolidate and then break higher
- AUD/USD faces strong resistance at parity
- And much, much more

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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