- EUR / USD Outlook shows a refund of six weeks.
- The ECB is taken by the 25-BPS interest rates as it is expected.
- The dollar left until the end of the week after the falls for the falls this week.
Outlook EUR / USD shows a return of six weekly hits after the Hava meeting of the European Bank. At the same time, market participants were directed for the report of American Nepharmies of payrolls for clues to future Fed moves.
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The ECB is taken by the 25-BPS interest rates as it is expected. However, policy makers sounded more Hawkish than expected, which led to a sharp gathering in euros. After the course of the course, President Christine Lagard said that the Central Bank was now in a good place. It meant that they could now face pressures of weaker growth than American tariffs. She also noticed that the ECB approaches the end of their mitigating cycle.
However, market participants expect another price this year. Still, they pushed the weather for another move. Already inflation in the eurozone on Tuesday, he jolted 1.9% in the amount of 1.9% on Tuesday. Therefore, less pressure for lower borrowing costs.
On the other hand, the dollar left until the end of the week after the data was crossed this week. At the same time, effort progress in trade negotiations. Traders are now watching a NFP report that could reveal more weaknesses in the work sector.
EUR / USD Key events Today
- US average earnings for an hour m / m
- American Nonfunic changes in employment
- US Unemployment Rate
EUR / USD Technical view: The bulls fail to maintain a sharp rally
On the technical side, EUR / USD price retired after a sharp rally. Despite the difficulties, bias remains bullash as the price of switching above 30ths, with RSI above 50. The bulls received a sudden increase in the momentum approaching the key psychological level 1,1500. However, they could not support the move, allowing bears to start withdrawal.
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The price is currently closer to the solid support zone containing the 30-SMA and 1.1401 key levels. In view of the bibal bias, the price could bounce the higher to resume at the level of 1,1500. The break above this level will strengthen the Bikov bias with the right of a new high utility.
However, after large evil moves, bears can press the price below the nearest support zone. However, they should break under the support railway, and to confirm the probable turnaround.
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