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Shareholders are still terrify of risks, as an issue is too gloomy so there's no wonder the players aren't looking forward to support the European cash in such an uncertain situation. By 7:15 (GMT 0) the Euro traded 1,3948 comparing to 1,3971 Thursday morning. There is a new short form - 'Pigs' countries - stand for Portugal, Ireland, Greece and Spain. The analytics note that investors are seriously concerned about the state these countries are in. We have to put emphasis on that the story hasn't opening yesterday and the current brokers' doubts have already influenced the price. So not only this pulls the Euro down.
Apparently the problems of Portugal are about to enter the scene - the Moody's Investors Service agency has made it very clear that the country needs an immediate decrease of budget shortage to help the economy to get out of a crisis troubles. Players still avoid opening risky positions as they keep ignoring not bad statistics in the Euro zone. We also have to stress the fact that this very moment EUR/USD bar chart shows the pair is oversold which means that according to the theory there must be a improvement following this situation.
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