“The EU will be quiet on the data wire on Monday, leaving investors to focus on the European market reaction to stress test results along with U.S. new home sales. Meanwhile, the EUR/USD’s uptrend is still intact as the currency pair rides high above our medium-term uptrend running through 4/14 highs”, the FastBrokers Research Team said.

According to the Team the pair could extend medium-term gains towards 1.3500 “if EU fundamentals continue to perform well and the union can avoid any further sovereign shocks”.

Fri, Jul 23 2010, 20:43 GMT
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