EURUSD: The big picture
Here is the big picture of EURUSD Pair.
On the one hand, ECB is voluntarily devaluating EUR against USD in order to ease its export capabilities on the one hand, and import inflation through commodity price on the other hand.
If you also keep in mind that FED would increase its interest rate on 3Q15 at the earliest of course, and by 0.25 base point, therefore, you can forsee the path of EUR against USD.
The next levels are 1.0192, the Symbolic 1 and then 0.97 , 0.92 and 0.90 . Bellow we do not know yet.
On the one hand, ECB is voluntarily devaluating EUR against USD in order to ease its export capabilities on the one hand, and import inflation through commodity price on the other hand.
If you also keep in mind that FED would increase its interest rate on 3Q15 at the earliest of course, and by 0.25 base point, therefore, you can forsee the path of EUR against USD.
The next levels are 1.0192, the Symbolic 1 and then 0.97 , 0.92 and 0.90 . Bellow we do not know yet.
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