Wednesday, March 9, 2016

EUR/USD Slightly Down

The EUR/USD is trading lower due to major technical factors currently preventing price from going beyond 1.1045. The pair is trading at 1.0980, going as low as 1.0967 in the early trading hours today.

Although the Euro saw a few positive days last week, the 200SMA is making sure Euro bulls do not get overexcited and managed to stop price twice from going above 1.1050.

Important Euro are scheduled for tomorrow:
- European Central Bank Rate Decision 12:45GMT
- ECB Deposit Facility Rate 12:45GMT
- ECB Marginal Lending Facility 12:45GMT
- ECB Press Conference 13:30GMT


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6 comments:

  1. UnknownMarch 9, 2016 at 3:02 PM

    All eyes on the ECB tomorrow.

    ReplyDelete
  2. UnknownMarch 9, 2016 at 3:31 PM

    Everyone are waiting for the fundamentals tomorrow, I doubt we'll see much movement before that.

    ReplyDelete
  3. UnknownMarch 9, 2016 at 9:01 PM

    Thank you for sharing, will be watchful tomorrow.

    ReplyDelete
  4. UnknownMarch 9, 2016 at 9:24 PM

    Interesting analysis indeed.

    ReplyDelete
  5. UnknownMarch 10, 2016 at 12:04 AM

    Valuable information! Thanks.

    ReplyDelete
  6. UnknownMarch 15, 2016 at 3:25 AM

    Good work, keep it up.

    ReplyDelete

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