EURUSD has enjoyed rises in the past few weeks but as we begin the 2nd quarter of the year EUR has a lot of pressure to go bearish in the coming months.
The Cyprus bailout and keeping the crisis at bay was rather successful, however economic data has been better in the US, putting the pressure on EUR. Add to that the fact that there seems to be a new country in trouble in the Eurozone after each new bailout and we’re looking at a bearish long term trend for the Euro.
Meanwhile, long term moods remain grim as there’s no end to the debt crisis in both Europe and US, and the inflation continues to rise, while the bailouts and austerity measures only offer temporary relief to the markets.