The Eurogroup reported progress but basically kicked the can down the road on the umpteenth round of the Greek crisis. Strong German GDP was not enough to help the euro against the greenback’s strength. In the US, retail sales beat expectations quite impressively and other figures did not stand in the way of general dollar strength that prevailed throughout the week. Are we at the beginning of a downtrend?
Updates:
EUR/USD daily graph with support and resistance lines on it.
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