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Old 08-07-2014, 02:26
VolkovYuriy's Avatar
VolkovYuriy VolkovYuriy is offline
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Default re: FreshForex - freshforex.com

We expect a long EUR/USD decrease
Euro



The euro fell against the U.S. dollar, trading around week low levels after the disappointing report on the German industrial orders, while European Central Bank President Mario Draghi comments continue to exert pressure.
ECB President Mario Draghi reiterated the bank forecasts that rates would remain at current or lower levels in the long term. He highlighted that "the governing council also unanimous in their commitment to the non-traditional instruments use if necessary, to fight the too long low inflation period risk."

Trading recommendations

We advise to consider the short positions with the first target - 1.3535. When the price consolidates below the first target it will go to the level of 1.3480.
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