There are revealed the details of the ECB meeting that have pushed the EUR/USD up
The EUR/USD soared to its two-week highs amid the public criticism of the restarted quantitative easing program by the Governing Council’s members and the greatest growth of the euro-area average earnings (+2.7% YoY) since 2009. However, bulls have failed to consolidate above the important resistance at 1.1085-1.1095. Positive report on the U.S. retail sales (+0.4% MoM and +4.1% YoY) proves that the U.S. economy is strong and raises doubts in the aggressive lowering of the federal funds rate. Isn’t it too early to sell the…
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