Are safe EURUSD shorts over for the time being?

FX:EURUSD   Euro / U.S. Dollar
48 0 0
With the ECB moving towards QE at a steady pace and the Fed confidently set on a rate hike around June (for now) despite recent soft data, EURUSD             have been a safe thing for quite some time now.

The moment of truth is near. This week the ECB will meet and we will start to see concrete             plans moving forward. Should the market get the QE it has been waiting for, we should have no problem perhaps reaching 1.10.

However, with a 500 bn             bond purchase program priced in, anything softer could cause a correction back towards 1.26, with possible resistance around 1.18 and 1.22.

The question is whether the plan put forward by the ECB will be enough to push down an already very weakened Euro             , or will we enter a period of ranging until we start to hear more about the Fed's rate hike?
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out