FXStreet – The only event, which took place on Monday for some turbulence in the currency pair EUR/USD had, turned out to be a duck. After the much-anticipated comments from the ECB President, Mario Draghi, the currency pair traded little changed at 1,1180.
During his speech before the economic and monetary Affairs Committee (ECON) of the European Parliament in Brussels, the Central Bank chief said that the downward reduced risks to the economic Outlook, for a change in the monetary policy, however, it is still too early. He also stressed that the wage development is not sufficient to push the Inflation towards the medium-term target value.
Tomorrow some of the sentiment indicators in the Eurozone on the Agenda, which could lead to price movement. Consumer confidence should be according to the experts, unchanged, down just 3.3 points, while the industrial confidence and the business climate is likely to show improvements. Both sides of the Atlantic, however, consumer spending and private income.
YOU MIGHT ALSO BE INTERESTED IN:
ECB’s Draghi: There are some signs of an acceleration of Inflation
US data in focus
ECB: Expansionary monetary policy continues to be essential?
ECB’s Draghi: economic recovery is becoming more stable
EUR/USD – Important course brands
It should be the participants in the market today, the brand of 1,1190 (High 29 succeed. May) break sustainably through may 26 in the coming days, a slight recovery back to 1,1235 (High. May) and 1,1250 (High-25. May). On the bottom of a fracture of 1,1158 (Deep 26 means. May), a decline of the Euro on 1,1073 (76,4% Fibo of 1,1300 – 1,0339). Then, even the 20-day could be tested in-line with the current 1,1050.
** FXStreet News Editorial, FXStreet**