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The Euro bears are getting ready again, as Jean-Claude Trichet was only a hero for one day. In the weekly interview on Forex TV, I spoke with Julie Sinha about technical levels of EUR/USD, GBP/USD, USD/JPY and AUD/USD, as well as key events that will shape trading this week. Enjoy!
The ECB revealed the amount of bonds that it bought last week and the result was still small – less than 2 billion euros. And as usual, everything is sterilized, meaning that the actions are limited.

A bailout for Portugal, the next domino in the Euro-zone has increased chances now. If the ECB cannot calm the market, hard European cash, via the EU / IMF fund will be needed.

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Want to see what other traders are doing in real accounts? Check out Currensee. It’s free..