May 17, 2010
Euro Posts Reversal Bottom; Short-Covering Rally May be in the Works
Oversold conditions and the lack of fresh bearish news helped the Euro turn around and close higher for the day. Fundamentally, nothing happened to change the minds of
traders. Investors are still concerned that the European Union is not doing enough to fix the financial problems in the Euro Zone. The lack of confidence in the European Union continues to remain the
major reason behind the selling. Investors want clarity not …
