Review: 130 EURUSD was tested and breached On Friday, the EU rescue funds – ESM and EFSF – were downgraded by Moody’s. The rating of the funds was lowered from Aaa to Aa1 with negative outlook. As the credit ratings of various countries in the EU are downgraded, it is only natural that also the funds are downgraded as, at the end of the day, these countries will have to secure the funds. The downgrade had been expected, and therefore there was not impact on the FX market. China reported
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BUY EURUSD on setback