EUR/USD: Heavy on market sentiment

Posted by on Oct 23, 2012

While still trapped in range the EUR/USD, is quite heavy this Tuesday trading near the base of its last 3 days range, the 1.3020 area. A mixed result for a Spanish short term debt auction, 10Y yields slightly up around 5.53% and a disappointing GDP reading in the country is what keeps the Euro pressured today. Stocks in negative territory and a general pessimism across the world adds to dollar strength.  The EUR/USD 4 hours chart shows 20 SMA gaining bearish slope above current price while
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