Weekly Wrap Euro (FX: EURUSD CME: EC)Euro Rallied more than 5.4% against US Dollar last week as demand for dollar as "safe haven" reduced, US government showed strong signal that they will do whatever they can to stablize the economy. At the same time, traders expected Fed is likely to continue lowering target rate while ECB signaled they might not lowered the rate below 2%.
The Euro currency is approching $1.35 next week, and I expect it will be facing heavy resistence.
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