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  1. #1
    Legendry Member milos's Avatar


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    The pair remains capped by a declining trend line and stands below its resistance with targets 1.06 and  1.056 in extension.

  2. #2
    Legendry Member milos's Avatar
    The euro continued to weaken against the US dollar and is located near the 12-year-old bottom because of the difference in monetary policy between the Federal Reserve and the European Central Bank.EUR/USD recorded the bottom at 1.0635.

    The single currency fell sharply against the dollar,since the beginning of this year,because the ECB in January announced that it will begin a program of quantitative easing.The euro fell after the bank began buying bonds and it led to a decline in yields. Yields on German 10-year bonds fell to a record low, and yields on Spanish and Italian.

    The common currency was under pressure because of concerns about the situation in Greece.Euro zone finance ministers in Brussels discussed the proposal to take measures Greece agreed obligations in exchange for an extension of the program of international financial assistance.

    The new government in Athens has until April to submit the proposal on the reform of its creditors.German Finance Minister Wolfgang Schaeuble warned that Greece must stop wasting time and start developing a package of reforms.

  3. #3
    Legendry Member milos's Avatar
    The pair remains on the downside and has broken below the support at 1.0650 with targets 1.05 and 1.02 in extension.
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  4. #4
    Legendry Member milos's Avatar
    European Central Bank President Mario Draghi said that the growing economic recovery of the euro zone.The stimulus measures will prevent a drop in prices that has a negative impact on the economy and employment.

    The bond buying program of 60 billion euro per month has been launched by the ECB started on Monday.The first day of the implementation of the purchased bonds worth 3.2 billion euro.

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