After the U.S. Federal Reserve meeting on interest rates , investors decided to take a break and wait for the outcome of ECB President Mario Draghi , who only this week there will be two - on Monday and Friday.
Currently playing fundamental data is clearly not in favor of the dollar . Bernanke announced the continuation of ultra-soft monetary policy in the medium and short- term will have a clearly negative pressure on the currency. However, because not very rosy in the last 2 months of statistics for the euro area , the European currency is also likely will not have much support . So serious strengthening of the euro against the dollar is unlikely to expect .
Technical analysis on EURUSD formed uncertain . Stohastic while moves between the 20th and 80th levels , while the ADX has even crept to the 15th level , which indicates clearly the low trading activity in the market. In this case , the indicator " Bollinger Bands " shows the value gipervolatilnosti , pointing to the extremely high volatility during the day.
In general , we expect the growth rate of the EURUSD in the coming days. However, because of the negative statistics in recent days in Europe , the euro will be very moderate.
