Euro slides on ECB considering the introduction of new TLTRO. EUR/USD extends correction from 1.1455, erases weekly gains. The EUR/USD pair lost more than 30 pips in a few minutes following reports about the European Central Bank introducing new TLTROs, loans to commercial banks at low-interest rates. The suggestion that banks could be in need of funds is not a positive signal for markets. The euro lost ground also versus the pound and the Swiss franc but modestly. The slide in EUR/USD is being followed by GBP/USD and a rally in USD/CHF. EUR/USD rally losing more strength The pair yesterday jumped and today hit weekly highs at 1.1455. Then it started to pullback after US data and after a consolidation around 1.1410, tumbled to 1.1374, the new low following the ECB report. The pair erased weekly gains. The bullish tone appears to be gone and now the euro seems at risk of a significant reversal. A recovery back above could signal some support for the euro. While to the downside, at 1.1365 is the 20-SMA in 4 hours chart that could offer support. A slide below the mentioned level could signal that the bullish correction is over, exposing again the 1.1300 handle that capped the decline on Wednesday. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Ethereum Price Analysis (ETH/USD) bulls must find stable footing as it flirts with $200 FX Street 4 years Euro slides on ECB considering the introduction of new TLTRO. EUR/USD extends correction from 1.1455, erases weekly gains. The EUR/USD pair lost more than 30 pips in a few minutes following reports about the European Central Bank introducing new TLTROs, loans to commercial banks at low-interest rates. The suggestion that banks could be in need of funds is not a positive signal for markets. The euro lost ground also versus the pound and the Swiss franc but modestly. The slide in EUR/USD is being followed by GBP/USD and a rally in USD/CHF. EUR/USD rally losing more strength… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
