World-Signals
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- Apr 14, 2016
- Messages
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Since the beginning of October, the dollar has strengthened steadily and smoothly against the Euro. For half of the month, EURUSD movement is only in a downward direction with a gain of 300 pips for the dollar.
The dollar is currently in its strongest position since August 2024. Technical analysis shows that the dollar will continue to accumulate new pips against the Euro.
Among the fundamental analysis for today Wednesday, the most important is the ECB's President Lagarde speech very late in the evening, in general the focus will be on the decision on Thursday, where the ECB is expected to cut the main interest rate by 25 basis points.
In general, very important data are expected on Thursday, both for the Eurozone and for the United States. This would mean that currency trading will consolidate in anticipation of the next day's data.
We at World-Signals.com expect the trend to remain today with a slight consolidation at the levels around 1.0865 - 1.0910.
The dollar is currently in its strongest position since August 2024. Technical analysis shows that the dollar will continue to accumulate new pips against the Euro.
Among the fundamental analysis for today Wednesday, the most important is the ECB's President Lagarde speech very late in the evening, in general the focus will be on the decision on Thursday, where the ECB is expected to cut the main interest rate by 25 basis points.
In general, very important data are expected on Thursday, both for the Eurozone and for the United States. This would mean that currency trading will consolidate in anticipation of the next day's data.
We at World-Signals.com expect the trend to remain today with a slight consolidation at the levels around 1.0865 - 1.0910.
