FXStreet – The common currency came back against the Greenback from the High. Most recently traded the EUR/USD on 1,1174 and to 0.08 per cent in the Minus.
EUR/USD turns to Draghi’s negative
The currency pair fell after Draghi’s statements before the European Parliament, under pressure. The Central Bank chief stressed that more monetary stimulus is necessary, while he played the downside risks to growth in the Region.
Meanwhile, the currency quoted in a narrow trading range due to the low trading volume due to the holidays in the United Kingdom and the United States. Thus, the correction movement from the year highs, which were reached in the previous week, more.
In the Eurozone, money supply in September rose slightly weaker than expected. The M3 monetary aggregate increased year-on-year by 4.9 percent. Bank economists had expected a growth rate of 4.9 percent. Lending to the private sector remained as in the previous month at 2.4 percent.
Speculative financial investors ‘ net-Long positions on the Euro in the week to 23. In may, the highest level since October 2013, expanded the CFTC on Friday.
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**