My Idea Based On Trend line , Channel Analyses. Without forgetting Fundamental analyses.
The single currency continues to drift lower as expectations for the first EU rate hike are pushed back into mid-2019. At a speech in Frankfurt on Tuesday, ECB President Mario Draghi helped to weaken the EUR further after he said that there were no signs of a credit fueled bubble in the euro area, meaning monetary policy will remain loose for the foreseeable future.
The single currency continues to drift lower as expectations for the first EU rate hike are pushed back into mid-2019. At a speech in Frankfurt on Tuesday, ECB President Mario Draghi helped to weaken the EUR further after he said that there were no signs of a credit fueled bubble in the euro area, meaning monetary policy will remain loose for the foreseeable future.
