5 Mar 2015
Barclays: EUR/USD move below 1.1000 to confirm downside traction – eFXnews
FXStreet (Barcelona) - The eFXnews Team shares Barclay’s view regarding today’s ECB meeting and EUR/USD.
Key Quotes
“We do not expect the ECB to make any monetary policy changes at this meeting given the recently announced expansion of its asset purchase program.”
“However, we think that the ECB will likely release the execution details of the new program with buying likely to start in early March, possibly next week.”
“We are looking for the move below the 1.1100 area to confirm downside traction towards targets near 1.1050.”
“Beyond there we expect a move lower towards a confluence of support in the 1.0765 area.”
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Key Quotes
“We do not expect the ECB to make any monetary policy changes at this meeting given the recently announced expansion of its asset purchase program.”
“However, we think that the ECB will likely release the execution details of the new program with buying likely to start in early March, possibly next week.”
“We are looking for the move below the 1.1100 area to confirm downside traction towards targets near 1.1050.”
“Beyond there we expect a move lower towards a confluence of support in the 1.0765 area.”
This content has been provided under specific arrangement with eFXnews.