It seems that EUR/USD is very reluctant to get out of the trading range. After Draghi gave the euro a boost with his confident message about the inflation situation and providing an explanation for everything possible, one of his colleagues raised the topic of a negative deposit rate back to the agenda, and the euro is certainly sensitive to this. EUR/USD dropped from around 1.3650 to 1.3570. The significant 80 pip fall sends the pair to the lower part of the trading range. Benoît CÅ“uré, a French economist that is with the central bank since 2011, said that the ECB is considering negative interest rates very seriously. Indeed, the euro took it very seriously with the big drop. The fall sends EUR/USD back below the broken uptrend support line, as the chart shows. The pair lost the 1.3580 support line on the way. Further support appears at 1.3515. For more, see the EURUSD forex forecast. Also against the pound, the euro is suffering a downfall. Together with Carney’s FG II, EUR/GBP took a big dive from 0.8290 to 08210. It is important to note that the ECB has been mentioning the negative deposit rates for a long time and already said it is technically ready. The mention helps curb the value of the euro, which in turn helps exports and makes imports more expensive, thus curbing inflation. However, the talk has limits and its effect is diminishing. At some point, the ECB will need to act if inflation remains so low. As Draghi also said, the move depends on information that is due at the beginning of March. 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 Janet Yellen’s testimony calms markets Scott Smith 9 years It seems that EUR/USD is very reluctant to get out of the trading range. After Draghi gave the euro a boost with his confident message about the inflation situation and providing an explanation for everything possible, one of his colleagues raised the topic of a negative deposit rate back to the agenda, and the euro is certainly sensitive to this. EUR/USD dropped from around 1.3650 to 1.3570. The significant 80 pip fall sends the pair to the lower part of the trading range. Benoît CÅ“uré, a French economist that is with the central bank since 2011, said that the ECB… 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.