EUR/USD has been extending its falls below 1.19. US stimulus and ECB action are likely to sink the pair further, Yohay Elam, an Analyst at FXStreet, reports. Key quotes “The Senate approved a modified version of President Joe Biden’s coronavirus relief package. While the White House ceded some ground to moderate Democrats, the legislation’s scope remains around $1.9 trillion, a substantial stimulus to the economy. The bill returns to the House, which is set to approve it on Tuesday.” “Later in the day, the European Central Bank releases its weekly bond-buying figures. A big boost to buying now would weigh on the common currency – and perhaps hint at a change of policy in the bank’s decision due on Thursday.” “Support awaits at 1.1850, which provided support in November, followed by 1.1820 and 1.1750, the latter being a cushion in October.” “Some resistance is at 1.1895, Friday’s low, followed by 1.1920 and 1.1950.” 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 USD/JPY to advance towards 109.00 alongside US Treasury yields FX Street 1 year EUR/USD has been extending its falls below 1.19. US stimulus and ECB action are likely to sink the pair further, Yohay Elam, an Analyst at FXStreet, reports. Key quotes "The Senate approved a modified version of President Joe Biden's coronavirus relief package. While the White House ceded some ground to moderate Democrats, the legislation's scope remains around $1.9 trillion, a substantial stimulus to the economy. The bill returns to the House, which is set to approve it on Tuesday." "Later in the day, the European Central Bank releases its weekly bond-buying figures. A big boost to buying… 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.
