EURUSD general analysis

EUR / USD: general analysis

Current trend

The single European currency on the opening of trading on the foreign exchange
the market traded slightly higher against the US dollar at around
1.0843. After the Fed last week did not announce the exact timing of increase
interest rates, the EUR / USD pair is no longer actively decline. but
upward movement, most likely, is back, and the global trend will continue downward.
The difference in monetary policy between the US and the EU will continue to provide
pressure on the euro. The ECB continues to use a printed cash machine
fight deflation: in December as part of the program was TLTRO
granted loans amounting to 97.8 billion. Euro. According to preliminary estimates,
the total amount of injections into the real economy will be about 400 billion.
Euro.

Today, special attention should be paid to the speech head
ECB Mario Dragi, although it is unlikely he will be able to somehow reassure investors. Besides
of projected decrease in the index of consumer confidence in the euro area, which
also weaken the European currency.

Support and resistance levels

The immediate level of resistance is a mark 1.0864
(5/8 Murray level). The level of support is at around 1.0742
(4/8 Murray level).

trading recommendations

It is recommended to open short positions after the breakdown
the level of 1.0742 with protective orders near 1.0780 and
the purpose of 1.0620.

EURUSD general analysis

Related posts

  • GBPUSD general analysis

    GBP / USD: general analysis Current trend After the fall of the pound last week continues consolidate laterally channel. waiting for us pretty busy this…

  • EURUSD close to important levels of 1200 00 1285

    EUR / USD: close to important levels of 1200.00, 1285.00 TRADING RECOMMENDATIONS Speaking last week in Brussels, the President of the ECB Mario Draghi…

  • Brent crude Technical Analysis downward trend

    Brent crude: Technical Analysis – the downward trend in the narrow channel W1 (price on the weekly chart) It is located in a primary downtrend in the…

Next posts

Leave a Reply

Your email address will not be published. Required fields are marked *