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EUR-USD updates trend line


Lateral trend if close below trend line , if cross will close above the trend line possible target will be 1,137-1,15 and 1,17..
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EUR-USD update

Probable trading range area 1.1236 - 1.1277
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EUR/USD new scenario

Yesterday we had the first meeting of Janet Yellen as the new governor of the Fed. As expected interest rates have remained unchanged, while the quantitative easing plan has been reduced to $ 55 billion. The yesterday news was the revision of the forward guidance, in practice, the Fed will not only consider the unemployment rate to decide the start of monetary normalization in the U.S., but a " broad spectrum " of factors.
They then lowered estimates of the GDP 2014 to 3 % from 3.2% . The unempl…
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Will EUR/USD touch 1.4?


EUR/USD
ended last week rallying back from key price support at 1.3843/33; the euro firmed against the dollar on Monday after euro zone inflation data met the market expectations;
the Technical Outlook remain bullish, confirmed by EMA 100-150-200 trend;
looking ahead for today morning release of German ZEW Economic Sentiment.
Crimea from geopolitical issues can create midterm volatility increasing demand for safe-haven currency (JPY)
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