April 22, 2010
Euro Touches New Low for Year; No Solution to Debt Woes in Sight
The Euro touched a new low for the year, taking out the late March bottom at 1.3267. Although the break to 1.3257 was met with profit-taking and bottom picking, the
fundamentals are still suggesting that this pair has a long way to go before support is established.
By all reports, Greece continues to move closer to sovereign debt default. It looks as if the bailout from …
