Over 20 years in trading
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 a few pips bellow. It’s obvious
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FEDERAL RESERVE ISSUES FOMC STATEMENT Information received since the Federal Open Market Committee met in July indicates that the labor market has continued to strengthen and that economic activity has been rising moderately so far this year. Job gains have remained solid in recent months, and the unemployment rate has stayed low. Household spending has been expanding at a moderate
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As you can see, everything is precisely explained in the chart. The pair was supported for several times from 108.13 (the low), all the way to 108.70 and on Friday September 08, the pair finaly broke the support, closing the week at 107.84, well bellow the support area. For sure, that closing on Friday gave the sellers view of the
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At today’s meeting the Governing Council of the ECB decided that 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 expects the key ECB interest rates to remain at their present levels for an extended period
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