When reading any newspaper, it seems like a rough landscape for the EUR, since Eurozone leaders are focusing on the region's current debt problems while US leaders are struggling to reign in projected future defaults. A first look at the pair looks unpromising, but I think there's a chance for profits if we look at the cycles found in the charts.
http://www.dailyforex.com/forex-technical-analysis/2011/07/EUR-USD-Chart-and-Signal/8429
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