EUR/USD extended the falls it encountered during the ECB press conference, where Draghi hinted of greater demand for a rate cut within the central bank, and also lowered the growth forecasts. The move of over 70 pips might encounter support. Draghi said that there was a wide discussion about the rates this time. This is not the usual unanimous vote, or large majority. In addition, he presented lower growth forecasts for 2012-2014 and talked about lower inflation. The pair dropped from 1.3070 to 1.3030 during the press conference, and extended its drops after it ended, down to 1.2987 at the time of writing. If the break is confirmed, the next line of support is at 1.2960, which is very close. For more, see the euro to dollar forecast. After enjoying nice rises throughout the week, EUR/USD was unable to approach the all-important 1.3170 line which capped it earlier in the year. It seemed to have run out of steam as it made a higher low, and not for the first time. This is a busy week, as always at the beginning of a new month. The last major event is the king of forex: non-farm payrolls. Here is how to trade the Non-Farm Payrolls with EUR/USD. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Forex Analysis: EUR/JPY Pulls Back from Resistance within Steep James Chen 10 years EUR/USD extended the falls it encountered during the ECB press conference, where Draghi hinted of greater demand for a rate cut within the central bank, and also lowered the growth forecasts. The move of over 70 pips might encounter support. Draghi said that there was a wide discussion about the rates this time. This is not the usual unanimous vote, or large majority. In addition, he presented lower growth forecasts for 2012-2014 and talked about lower inflation. The pair dropped from 1.3070 to 1.3030 during the press conference, and extended its drops after it ended, down to 1.2987 at the… 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.
