EURUSD: under pressure after M.Draghi's statement

February 16, 2016

Sell on a level breakthrough of 1.1127 with 1.1060 target. Stop loss = 1.1177.

Reason for the trading strategy

M.Draghi's statement, made yesterday, about a likely revision of the parameters of the asset purchases program in the euro zone in March puts pressure on the euro. According M.Draghi, the ECB has no plans of buying bonds of the troubled Italian banks under the quantitative easing program, but will accept them as security under repurchase agreements. The pumping of the euro zone banking sector with liquidity may lead to a drop in the euro to $1.05 in the current year.

Publication source
EXNESS information  EXNESS reviews

February 21, 2017
Fed Harker's hawkish comments revives the U.S. dollar
While the U.S. dollar was seen slipping during a quiet trading session on Monday which saw the U.S. markets closed, the greenback got a boost with hawkish comments from Fed's Patrick Harker from Philadelphia...
February 21, 2017
Global risk appetite remains strong
The Australian economy continues to be a roller coaster for any Aussie bulls, but one thing is certain the markets are not paying too much attention at present with the AUDUSD being one of the stand out performers in 2017 so far.
February 20, 2017
U.S. dollar attempts to post a recovery amid a slow trading day
The U.S. dollar is attempting to post some gains to build up from Friday's reversal. Price action has formed an inside bar among EURUSD and USDJPY which could indicate a potential breakout trading that could establish the near-term direction of prices...

FIBO Group Rating
Cms Trader Rating
FxPro Rating
Tickmill Rating Rating
 FXTM Rating

Migesco Rating Rating
OptionTrade Rating
OptionBit Rating
Dragon Options Rating
OptionFair Rating