Search ForexCrunch

The European Central Bank now focuses on buying Portuguese bonds, in an effort to prevent the fall of the next domino in the European debt crisis. After the Irish parliament approved the budget cuts – a pre-condition for the bailout package, the ECB leaves Irish debt crisis behind and focuses on another periphery country – Portugal.

Tracy Alloway, at Alpahville reports about the efforts in CDS bonds.  EUR/USD is falling in online trading forex  once again after an attempt to move higher, currently trading at 1.3260, between the 1.32 and 1.3267 lines.

For more technical levels and analysis, see the EUR/USD forecast.