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EUR/USD standing on quicksand? Support violated

FXstreet.com (Chicago) – EUR/USD cracked down below immediate support at 1.3329 (August 23rd lows) to hit session lows at 1.3323 but quickly bounce off lows to remain glued to previously violated support.

Allies taking action?

UK Former Secretary of State stated that “If there isn’t agreement at the United Nations, then we and other nations still have a responsibility on chemical weapons”, implying possibility of military action despite potential vetoes from Russia and possibly China based on past events. To worsen concerns, Obama affirmed that the international community must “send a shot across the bow” that might prevent the use of …read more