MBCFX daily market
analysis, today is Friday, 5th of April 2013
As expected, the
European Central Bank kept interest rates unchanged at 0.75%, but the E C B president Mario Draghi comments to leave
the door open for future rate cuts may weigh on the euro in the coming weeks.
The U.S dollar dropped against the euro on
raising speculation that the U.S.
Nonfarm payrolls data due later in the session may disappoint, given that the U.S. jobless
claims and A D P data were weaker than expected.
Concerning the
technical analysis,
As we notice on the 4
hours chart ,we expect that the Euro USD will decrease at beginning of today’s
trading session, after facing a strong support at the second trend,
so we expect it will retest the 1.2890 and 1.2875 levels.
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