EUR/USD Forecast: Consolidating in Tight Range

  • The US dollar strengthened Tuesday as the euro continues to act as a punching bag.
  • This makes sense considering that bonds in the European Union continued to fade away, and there are serious credit risks and places like Italy.
  • The spread between Germany and Italy is widening, meaning the people are starting to become more concerned with the South yet again. (Have we just jumped back five years?)

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