Euro Nears the Support

by Ashraf Laidi

Apr 15, 2009 13:28

Euro's retreat will likely intensify now that the ECB has officially announced it will unveil a package of non-conventional monetary policy measures in May, i.e. credit easing as the refi rate reaches 1.00% and the deposit reaches 0.0%. The trend line support (yellow) at $1.3170 is at risk of being breached, which would pave the way for the 50% retracement from the March 4th rebound, at $1.31. Subsequent losses seen stabilizing at $1.3030. Upside capped at $1.34.

More Hot-Charts

• 

  Gold Channel ABC and D

  Jan 8, 2026 16:27 | by Ashraf Laidi
  سأرسل رسالة صوتية و كتابية توضيحية لأعضاء مجموعة الواتساب الخاصة حول هذه المخططات - Will send detailed note on latest parameters to our WhatsApp Bdcst Group - -...
• 

  EURUSD Next

  Jan 5, 2026 17:09 | by Ashraf Laidi
  If EURUSD holds Monday above 1.17, it will show a hammer candle, supported above the 100-day moving average.

• Gold Next Move

  Dec 26, 2025 15:32 | by Ashraf Laidi
  Will send detailed note on latest parameters to our WhatsApp Bdcst Group - سأرسل رسالة صوتية و كتابية توضيحية لأعضاء مجموعة الواتساب الخاصة حول هذه المخططات -   ..