Analysts at TD Securities predict the EUR/USD pair is set to lose the support level at 1.0980 following signs of deterioration in Germany. Key quotes “The region’s economy continues to show signs of further deterioration as the German factory orders reading for December confirms. These fell -2.1% m/m in December against a consensus forecast for a +0.6% rise.” “The ECB continues to remind investors that their monetary policy toolbox is nearly empty. The ECB president declared that this ‘low interest rate and low inflation environment has significantly reduced the scope for the ECB and other central banks worldwide to ease monetary policy in the face of an economic downturn’.” “We think the 1.0980/90 support zone in EUR/USD may not hold much longer. A solid US employment reading tomorrow could easily send the pair below 1.0950 to put a test of the early October (multiyear) low at 1.0879 into view.” 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 Vice Governor of China’s Hubei: Province still has a severe shortage of medical staff FX Street 2 years Analysts at TD Securities predict the EUR/USD pair is set to lose the support level at 1.0980 following signs of deterioration in Germany. Key quotes “The region's economy continues to show signs of further deterioration as the German factory orders reading for December confirms. These fell -2.1% m/m in December against a consensus forecast for a +0.6% rise.” “The ECB continues to remind investors that their monetary policy toolbox is nearly empty. The ECB president declared that this ‘low interest rate and low inflation environment has significantly reduced the scope for the ECB and other central banks worldwide to ease… 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.
