Yesterday, on July 10th 2013, Ben Bernanke held a speech in Cambridge. He complained about the situation in the US labor market and very low rate of inflation. Then he gave us to understand that the Fed was determined to continue the monetary easing program since the US economy urgently needed it.
As a result, the US Dollar instantly devalued against other major currencies. Even most Asian-Pacific stock indices opened today’s trading session with a rally.
The chart below, courtesy of the SRP Department of Masterforex-V Academy, 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
