-
EUR/USD Sits at Support Post-ECB; Outlook Favors Further Losses
EUR/USD struggles to hold its ground even as the European Central Bank (ECB) endorses a wait-and-see approach for monetary policy and preserves the zero-interest rate policy (ZIRP), while keeping the asset-purchase program unchanged at EUR 80B/month; need a break/close below 1.0960 (23.6% retracement) to 1.0970 (38.2% retracement) to favor a further decline in the exchange rate, with the next downside target coming in around 1.0910 (38.2% retracement), which coincides with the June low. Even though the ECB expects interest rates ‘to remain at present or lower levels for an extended period of time,’ the Governing ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Jul 21, 2016 1:02pm Jul 21, 2016 1:02pm
- harry23
- | Joined Apr 2012 | Status: Member | 189 Comments
- Comment #2
- Quote
- Jul 21, 2016 1:08pm Jul 21, 2016 1:08pm
- frx_trader
- | Joined Jun 2012 | Status: Analyst | 3129 Comments
- Comment #3
- Quote
- Jul 21, 2016 1:55pm Jul 21, 2016 1:55pm
- PipsScalper
- | Joined May 2016 | Status: Junior Member | 1 Comment
- Comment #4
- Quote
- Jul 21, 2016 2:25pm Jul 21, 2016 2:25pm
- glenngie
- | Joined Nov 2009 | Status: Member | 1323 Comments
- Comment #5
- Quote
- Jul 21, 2016 2:50pm Jul 21, 2016 2:50pm
- Not-KPMG
- Joined Jun 2015 | Status: Member | 7592 Comments
Beware of robber banks (RB), bad advisors.
- Comment #6
- Quote
- Jul 21, 2016 3:08pm Jul 21, 2016 3:08pm
- glenngie
- | Joined Nov 2009 | Status: Member | 1323 Comments
- Comment #7
- Quote
- Jul 21, 2016 5:53pm Jul 21, 2016 5:53pm
- Not-KPMG
- Joined Jun 2015 | Status: Member | 7592 Comments
Beware of robber banks (RB), bad advisors.
- Comment #8
- Quote
- Jul 22, 2016 6:22am Jul 22, 2016 6:22am
- ThunderHeart
- | Membership Revoked | Joined Jun 2015 | 715 Comments
- Comment #9
- Quote
- Jul 22, 2016 6:29am Jul 22, 2016 6:29am
- ThunderHeart
- | Membership Revoked | Joined Jun 2015 | 715 Comments