On Friday common currency was under pressure increasing its downtrend that was formed at the end of Thursday trading. Important is the fact that such decline was not caused only by USD growth, as well we could monitor GBPUSD growth. The pressure in UERUSD pair cannot be explained either by positive mood of stock markets since most world markets, except of Japanese market positive tendency, were in a red zone. By the end of the trading day the pair declined to lowest level since the end of March 1.1210, having renewed April lows to 1.1233. Today bulls are trying to form more…

The pair renewed yesterday’s daily peaks, persuading traders more and more in its intentions to continue its uptrend after drop on April,13. We should understand that bulls are “walking on the thin ice” since this week ahead we have ECB meeting and following press-conference of the Chairman Mario Draghi. Six weeks ago, his comments made during such conference crossed out the whole effect of more than expected interest rate decrease. We suppose this time he tries to present himself not being at the edge of monetary policy possibilities. Moreover, IMF summit held last weekend has reflected less criticizing approach towards ECB more…

As a whole staying in the trading range the pair is trying to form the growth attempt the third day in a row. Recently it bounced to 1.1460 but very soon returned back to usual levels – around 1.1420. This movement was just a small shade of the USD weakening against other currencies during recent trading sessions. Growth of EUR against USD caused partly by low statistics from the USA that pressure American markets and supported to some extent by USDJPY dropping. However, such theory opposed by quite optimistic attitude of the primary markets and confident behavior of most currencies. This more…