Nikkei reached its new maximum
Euro
The pair euro/dollar was hit by the weak TLTRO auction results. The lending volume amounted only 82.6 billion euro, while economists expected about 150 billion euro. It again calls into question the ECB effective measures that were taken into account. The profitability differential on the US and Germany 10-year bonds was again expanded, that will provide some support to the American dollar.
Trading recommendations
It is advised to consider a downward trade with the first target 1.2810. When the pair consolidates below the first target, we can start a deal to the level of 1.2760.