The ECB leaves rates unchanged, the EUR/USD reaction and our view

At yesterday meeting the Governing Council of the ECB took the following monetary policy decisions: (1) The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively. The Governing Council continues to expect the key ECBContinue reading “The ECB leaves rates unchanged, the EUR/USD reaction and our view”

EUR/USD broke 1.1800, what next!?

The important support at 1.1800/35 is broken yesterday, which held the pair for a month, as I have predicted in my last EUR/USD analysis from August 29. As I pointed then, I sow a resistance at 1.2100/35 and the pair even did’t manage to reach that level, with high at 1.2092 in September, just aContinue reading “EUR/USD broke 1.1800, what next!?”

The EUR/USD at the highest level since December 2014

Exactly as I predicted in my previous EUR/USD analysis on August 18., the euro bounced up from the marked support and break 1.2000 today. In this moment, the EUR/USD is at the highest level since December 2014., at 1.2060, holding the 6th month gain in a row. As I see, the next possible resistance isContinue reading “The EUR/USD at the highest level since December 2014”

EUR/USD, ‘raising flag’ on daily chart

With respect to our monthly analysis from August 02. and the forecast of the eur/usd possible target after the break of important resistance, here’s how I see the pair on daily chart. As you sow in the market, the pair is moving for days in between 1.17 and 1.18 without a clear direction and basedContinue reading “EUR/USD, ‘raising flag’ on daily chart”