The market is still convinced that the European Central Bank will ease monetary policy further either in December or early next year. The expectations act as a drag on the single currency with an end to any recovery of the EUR / USD. The pair will meet resistance in large numbers 1:11, 1:12 and then at 1.1250.
Next week note speech from ECB chief Mario Draghi's father on Tuesday and European Union economic forecasts on Thursday. Mr Draghi may offer new clues on the ECB's assessment of the economy and the country's next plan. In addition, be careful with the news from the United States: Fed leaders mother Janet Yellen will speak on Wednesday, while on Friday will release NFP America for the month of October, and it will certainly affect the market.
Support for EUR / USD lies at the 1.08 level and below this point there will not be much help to pembali euro to the level of 1.05. We prefer short positions on the euro in the current atmosphere.
Next week note speech from ECB chief Mario Draghi's father on Tuesday and European Union economic forecasts on Thursday. Mr Draghi may offer new clues on the ECB's assessment of the economy and the country's next plan. In addition, be careful with the news from the United States: Fed leaders mother Janet Yellen will speak on Wednesday, while on Friday will release NFP America for the month of October, and it will certainly affect the market.
Support for EUR / USD lies at the 1.08 level and below this point there will not be much help to pembali euro to the level of 1.05. We prefer short positions on the euro in the current atmosphere.
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