May 6, 2010
Euro Plunges as ECB Takes No Supportive Action
The EUR USD plunged sharply lower on Thursday breaking through 1.26 and approaching dangerously close to the October 2008 bottom at 1.2329. There may be a technical
bounce if this area is tested, but longer-term swing charts project a possible break to 1.14.
Early Thursday morning the Greek government passed its new cost cutting measures, making Greece eligible for the bailout money offered by the European Central Bank and
the …
