EUR / USD trend - long-short, medium short
The pair is trading below 50-25 his period average, indicating that the negative sentiment in the euro are in force, despite the short-term correction.
Short term the pair is trading in range between 1.1262 and 1.1455 levels as a break below the lower arm can lead to a strong impulse to 1.1009
Indicators show that the probability of continued decrease in the euro is greater.
CCi is less than 0, indicating that the movement has to decrease.
We have no signal or indication that we can see growth of the euro soon (within the short term movements 3-4 days)
See previous bar with a long lower shadow and a current that fills this shadow - it is confirmation of likely continuation of short-term movement downward.
While the price is below the 25 period average shorts in force.
Foundation for a weaker euro and stronger dollar.
The European Central Bank has launched a program for infusing liquidity, which means a lot of euros on the market - Printed in euros - a decrease of the euro. Although much of the movement has played the euro will remain under pressure.
In the US, the Fed is preparing to raise interest rates and stopped the program for infusing liquidity - stronger dollar
Now we follow the news from the US and Europe. Stronger news from the US will lead to the growth of the dollar, because it will be deemed that the Fed has reason to increase lhvite more.
Other factors that will influence the market: the peace plan in Ukraine - will observe the situation around Greece and the price of oil.
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