The analytic team of Deutsche Bank expects the common Euro currency to decline if the ECB lends to European banks more than expected. During today’s auction the ECB is planning to lend €470B for 3 years. If there sum eventually turns out to be more substantial, the common currency may fall under pressure.
According to the Department of Masterforex-V Trading System , EURUSD continues its long-term uptrend. The price is forming sub-wave А(С)/С inside the long-term upswing А(С)/С. A break above 1.3485 will confirm this scenario. The closest levels of resistance are 1.3586, 1.3626. A break below 1.3365 will complete the current wave.
