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Trading Outlook: EUR/USD

Posted On 22 Jan 2015
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Originally updated: 07:04

Current Price: 1.1581

Currency Pair: EUR/USD

Sentiment: **Bearish

Market focus:

Our focus today is on the EUR/USD

Fundamentals:

All eyes are on the ECB press conference later today where ECB President Mario Draghi will be closely watched by investors to assess his next move, with many thinking he will launch a QE program (Rumoured at €50 bn a month). **If Draghi does not step up to the plate as many are anticipating, we could see the euro rally as expectations of this QE program have largely been priced in the decline in the EUR/USD. The main point to watch for will be the actual size of the programme.

Technicals:

None at present. This move is likely going to happen very quickly so technical levels will depend on what is said. For now we remain on the sidelines with a ‘wait and see’ approach.

The post Trading Outlook: EUR/USD appeared first on Jarratt Davis.

Source:: Trading Outlook: EUR/USD

About the Author
Jarratt Davis is the world’s ranked #2 (2008-2013) Forex Trader by Barclays FX Hedge Index, following years of mastering his art as a self employed trader Jarratt has now entered the field of education and delivers the most robust Forex education package on the market. Jarratt’s mentorship is one of the only programs on the market that is conducted by a verified professional trader. Forex Alchemy readers can get the FREE mini course where Jarratt gives away some of his secrets to success by Clicking Here... [space height="20"] [social type="facebook"]www.facebook.com/JarrattDavisForex/[/social] [social type="twitter"]https://twitter.com/jarrattdavis[/social] [social type="google-plus"]https://plus.google.com/+JarrattdavisForexTrader/[/social] [social type="youtube"]https://www.youtube.com/user/JarrattDavisForex[/social]

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