Trading Euro We Recommended Buy This Week

The Euro Strengthened The Impact Of The Weakening Us Dollar

At the beginning of this week the euro continue the rally versus the u.s. dollar.

Euro  currency is used by the 19 countries record a positive performance since last april, despite the program's quantitative extension adanaya easng (QE) from the ECB andthe FED raises u.s. rates for the first time.

The martket trader  ignored all the comments of the Executive Board of the ECBMember Yves Mersch who claimed his comments that the policy makers are not usingall of the load, which directs impressed dovish.

The euro strengthened was also influenced by in perpanjangnya QE for 6 months andlowering the rate of deposits. ECB President Mario Draghi stressed the target ofmonetary policy is not the exchange rate of the currency even though it is essential for the growth and price stability.

Action: BUY

Execution: 1.0935

T/P: 1.1030

S/L: 1.0900

Support: 1.0950 1.0900 1.0840

Resistance: 1.1030 1.1080 1.1130