The Euro has Lost Momentum

European economic data didn’t do enough to inspire the market, and then the UK election added to downward pressure on the Pound, Euro and other European currencies. We are now waiting for the Fed’s rate decision to show us the next move. We may be witnessing a bull flag, or we may see a short-term top and a deeper correction. European fundamentals are straightforward, so the market will be looking to the US for direction. Read More on eurusd.co