EUR / USD: ECB uses all the tools

Technical analysis and trading recommendations - HERE!

yesterday's
corrective decline in the dollar and the pair EUR / USD, associated with fixing
profits in long positions against the US dollar after the published "minutes FOMC»,
Today, it seems, is over, and with the opening of the European session, the US dollar
growing, regaining lost ground. Although protocols sounded
caveat that the increase in December, is possible if the growth of the number of
jobs and maintaining the inflation trend, and among the Fed
there is disagreement on this issue, the US dollar will remain a priority in
against the euro. Fed policies aimed at further tightening of monetary
policy in the US, even if it will be a slower pace will
increase the investment attractiveness
dollar in the medium term.

difference
in the course of monetary policy of the ECB and the Fed also will put pressure on
a pair of EUR / USD, moving it in the direction of the euro parity with the dollar.

Despite
on the ongoing efforts of the ECB, the recovery of the Eurozone economy remains
weak. The index of current economic conditions in Germany in November ZEW fell to
54.4 from 55.2 in October, while the index of business expectations in the Eurozone ZEW declined
November to 28.3 (vs. 35.2 and 30.1 in October).

In his
today's ECB President Mario Draghi said again that the ECB will do everything
for an early rise in inflation and employs all the necessary
instruments. And the asset purchase program enhances the impact of the process on the
economy.

Considering
likely to mitigate the monetary policy of the ECB at the meeting,
which will be held on December 3, the euro will remain under pressure throughout the market
and, especially, in the pair EUR / USD.

See also review and trading recommendations for pare USD / TRY!