David Lee
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David Lee in David Monzon,

Just wait a little more

The EUR/USD didn’t make significant movement last week. There is a psychological level 1.32 and the currency pair can't overcome it. Actualy, I don't think that it tried... The pair searched the reason to go down to 1.30 but didn't find it. Is it mean EUR/USD has to climb higher? I don't believe... 1.32 is strong, as I mentioned, and, what is more important, there are no fundamental reasons for this! yes, the price can go up 100 even 200 pips but the general picture still for the bears... Bet that USD will strengthen a lot in august or even earlier... as for Euro, it can only wait for some new bad news from problematic countries like Portugal...