Wednesday, 30 April 2014

EUR/USD plummets from 1.39

Technical Analysis EUR/USD plummets from 1.39 “While the ECB has been sending a relatively clear signal that [quantitative easing] is now in the toolbox, it is not clear that it is ready to use it in short order.” - Nomura (based on MarketWatch) Pair’s Outlook As soon as EUR/USD approached 1.39, it was immediately sold off down to the support are around 1.38, which consists of the monthly PP and 55-day SMA. And while this may potentially alleviate the downward pressure due to the zone’s

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