EUR/USD Action Before Bernanke's Jackson Hole Speech, GDP Report

EUR/USD is testing the upper-bound of the descending channel. It is currently fighting the first near-term trend line.

EUR/USD 5-Month Chart (freestockcharts.com)

EUR/USD Longer Term (freestockcharts.com)
News:
  • Dollar Falls Before Bernanke Speech, U.S. Economic Growth Data (BusinessWeek)
  • Europe stocks fall but short sell ban boosts banks (Reuters)
  • Finland Committed to Greek Demands as Talks Over Collateral Model Continue (Bloomberg)
  • Pace of Euro-Zone Lending Slows (WSJ)
  • KBC Market Research: Currency markets spooked by 'wild' rumours - (FX Street)
  • Greek CDS rises, Finnish collateral threat persists (Reuters)
  • Tomorrow's "Other" Event - A Sub-1% GDP Report (Zero Hedge)
  • Bernanke: will he or won’t he? (Financial Times)
  • Bernanke Scholar Advises Bernanke Fed Chief (Bloomberg)
  • German Bunds steady as markets focus on Bernanke (Reuters)
  • Spain growth slows, recession fears loom (Reuters)

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