Pashabxl

EURUSD. There is a room for a final upside

FX:EURUSD   Euro Fx/U.S. Dollar
Euro             is in a difficult position and ECB President is not helping the common currency at all.
Although ECB said that above 1.41, EU is loosing its competitiveness,
with the current situation in the commodities market, I don't think that a cheap Euro             would help in any way Europe and deserve better the European economy.
THIS IS A 1 MONTH SCALE CHART !!!!
On the big picture we do have a falling wedge . But there is no chance for an exit from the upside at least not for the moment. However, baring in mind the oversold level of EURO             there is still a room for a final upside before Euro             goes deep down bellow 1.30 and particularly when FEd decides to increase its interest rate.
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