We are about to start a new week. We do have the following macro economic datas in hand.
ECB has already spent 45 out of 60 Bio € of its initial QE. The next money will be spread on the market early April.
Thereofre until then, there will be a slow down in the declining trend of EUR against USD baring also in mind that as FOMC has revealed, and also as I have told weeks in advance, there is no interest rate raise from the side of FED before 3Q15.
Thereofre, EUR may move on the upside and you do have to check my short term chart based on a 4H Time Frame to have a proper idea about the possible upside correction.
On the overall trend, since 1.3985, EUR is still bear against USD and there isn't any sign of a change of trend.
At the present time, the trading range may be very much between 1.06 on the downside to 1.12 on the upside
ECB has already spent 45 out of 60 Bio € of its initial QE. The next money will be spread on the market early April.
Thereofre until then, there will be a slow down in the declining trend of EUR against USD baring also in mind that as FOMC has revealed, and also as I have told weeks in advance, there is no interest rate raise from the side of FED before 3Q15.
Thereofre, EUR may move on the upside and you do have to check my short term chart based on a 4H Time Frame to have a proper idea about the possible upside correction.
On the overall trend, since 1.3985, EUR is still bear against USD and there isn't any sign of a change of trend.
At the present time, the trading range may be very much between 1.06 on the downside to 1.12 on the upside
