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Trade of the Day: EUR / USD on 3rd April 2014

Market Analysis: Currencies Forecast
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April 3, 2014 0 224
EUR-USD

EUR-USD

Event: European Central Bank conference about interest rate decision
 Date: 3th April 2014, 11:45 GMT

The prices in the EURO zone have grown 0,5% in March, the weakest number in the latest 4 years ,and over the past 12 months the Euro has gaigned 7%  against the US dollar.

The ECB seems leave interest rates unchanged today, so this policy would have a negative impact on the Euro.

BancdeBinary analysts expect an spike in the Eurodollar so they  recommend a CALL  position  on EUR / USD.

 

John Walker
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