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EUR/USD Outlook – June 20-24
The euro underwent a significant beating this week, due to the escalation of the Greek crisis but managed to recover on fresh hopes The upcoming week is packed with indicators and ends with the critical European summit. Here’s an outlook for the European events, and an updated technical analysis for EUR/USD, now on lower ground. The deterioration in Greece caught attention all over the world and sent the euro way down. This included a general strike, a reshuffling of the Greek cabinet, more credit downgrades and contagion into Ireland and Spain. The Merkel-Sarkozy summit that included a German retreat from the ... (full story)
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