June 15, 2010 PM
Euro Closes above Retracement Zone; Sets Sights on 1.2453
The Euro continued to rally on Tuesday as short-traders covered positions on the assumption that the Euro Zone economy may be stabilizing and the risk of a collapse in
the currency is abating.
Investor confidence in the global economic recovery continued to improve during today’s trading session leading to an increase in risk-based trading. The demand for
greater risk encouraged traders to reverse so-called flight to safety positions …
