LiteForex EU (ex Mayzus) - Analytics

LiteForex EU (ex Mayzus)

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Real

02 June 2015: EUR/USD: general review

EUR/USD: general review

 

 

 

 

The single European currency remains under pressure: the euro has been badly affected by news from France this time. The number of the unemployed increased up to a peak of 3.53 million people. An economic slowdown may become the main obstacle for the sitting president François Hollande that is going to make a second run for the presidency in 2017, as some experts think. Obviously, his promises to improve economy won't be realized.

The second problem is still Greece. Many still wonder whether or not the country will leave the EU. Last weekend, Greek Government made another attempt to agree on financial aid and debt refunding, but the parties failed to reach a compromise. EU's creditors demand that expenses be reduced by 3 billion euro, but Greek Government believes that such measures will only deteriorate the country's deplorable economy and cause social tension in Greek society.

The nearest resistance level is 1.0986 (4/8 Murray). The support level is at 1.0925 (3/8 Murray).


This website/communication is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. It has been prepared by Mayzus Investment Company Limited without taking into account any particular person's objectives, financial situation or needs. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision. Past performance is not indicative of future performance. The future value of your investment may rise and fall with the changes in the market.

 

 

 

 

 


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