Photo: EURUSD: Intraday Outlook
At the end of last week, the EURUSD exchange rate exceeded and consolidated above 1,35 for the first time in 18 months. The Euro currency also strengthened by 20% against the Japanese Yen after the new Japanese government resumed money printing in January in order to support the national economy.
The Fed, the Bank of Japan and the Bank of England keep easing their monetary policies, which is another factor why the common currency is strengthening against other majors.
Eurozone countries are perplexed. Francois Hollande, President of France, urges other European leaders to consider the place of the Euro currency in the global financial system. He assumes that the common currency cannot depend heavily on market sentiment and expectations. He gives everyone to understand that monetary easing is necessary to revive economic growth. A strong Euro affects European exporters by making products costlier.
However, EU leaders still cannot find a compromise on the issue.
Forex.
The chart below, courtesy of the SRP Department of , reflects the current state of affairs in the market of EURUSD.
Alex von Stachelkopf, аналитик отдела "Форекс, курс евро", трейдер кафедры СРП Академии трейдинга Masterforex-V
