The Euro and U.S. Dollar are at a Crossroads, Explains Jason Fielder of Absolute Wealth in Their Recent Newsletter

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The currency pair has pulled back farther than expected, remarks Jason Fielder, a 10 year Forex currency trading veteran and contributor to the Absolute Wealth newsletter.

Euro & U.S. Dollar AbsoluteWealth.com

Euro & U.S. Dollar AbsoluteWealth.com

If the pair breaks above the point of 1.3201 then a long breakout could be on the horizon, and on the other hand, if the pair does not close above 1.3200, then there is a probability of a drop.

Jason Fielder is a 10 year Forex currency trading veteran, and a member of the Absolute Wealth team that publishes the Absolute Wealth newsletter, a publication that researches, analyzes and publishes financial and investment information to help people make informed decisions. Jason Fielder of the Absolute Wealth newsletter is looking at the 1.3201 mark, and says if the pair breaks above the point of 1.3201 then a long breakout could be on the horizon, and on the other hand, if the pair does not close above 1.3200, then there is a probability of a drop.

Jason Fielder of the Absolute Wealth newsletter reveals, that more news came from Europe indicating that money was expected to be invested into the second Greek bailout, which is a partial solution that also works as a compromise to having private investors take a partial loss, to help with the overall debt forgiveness. Despite a lot of uncertainty hanging around the terms of a second Greek bailout, the Euro still gained back some of its lost strength, remarks Jason Fielder of the Absolute Wealth newsletter.

The United States Fed has announced that a risk aversion policy will be in effect, explains Jason Fielder of the Absolute Wealth newsletter, and this means that with low interest rates and a focus on low benchmark borrowing rates for at least another 18 months, the U.S. Dollar will not rise based on policy changes. This also means, Jason Fielder of the Absolute Wealth newsletter explains, that when looking at the currency pair, it is more important than ever to watch for negative news about the Euro or positive economic reports from the States.

A sharp drop in unemployment or rise in GDP would be the two most likely causes to shoot the U.S. Dollar up, explains Jason Fielder of the Absolute Wealth newsletter, and on the other side, for the Euro to drop against the U.S. Dollar, we are looking for a growing risk aversion among traders. This will drive more traders to the U.S. Dollar over the Euro, reveals Jason Fielder of the Absolute Wealth newsletter.

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