The European Bank pressure test result which would be published this Friday in Beijing has become one of the forex investor's most cared matters, which has been reflected in the euro’s upwards trend. EUR/USD in Tuesday New York market (on July 20) noon session dropped from the 2-month high 1.3026 to 1.28. The professional indicated that this euro’s decline primarily because the market’s caution towards the pressure test results made the forex investor sell out the euro to gain the profit. The transaction operator said that if European Banking industry pressure test result runs good, and from the technical surface to speak the kinetic energy is strong, the short-term euro will still to rise.
By Catherine
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