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FxWirePro: EURUSD consolidates in narrow range, markets eye ECB meeting

Major support-1.1300

 

EURUSD continues to trade lower and is consolidating after hitting low of 1.13450.Markets eye ECB monetary policy which is to be held tomorrow for further weakness. ECB is set to meet for the first time after ending of purchasing program tomorrow. It is expected to be dovish as Eurozone slowdown much stronger than expected and Brexit uncertainties.The spread between USD and German 2 year has rose to 320 basis point highest level since Dec 21st .The pair hits high of 1.13740 and is currently trading around 1.13622.

 

On the lower side near term major support is around 1.1300 and any violation below will drag the pair to next level till 1.12670/1.12180. Any convincing break below 1.1200 confirms further weakness.

 

The minor intraday bullishness can be seen only above 1.13750 and any break above targets 1.1415/1.14300 (200- H MA)./1.14596/1.1486. Any further bullishness only above 1.1500 level.

 

It is good to sell on rallies around 1.1375-78 with SL around 1.1420 for the TP of 1.12670/1.12180.

 

 

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February 15 21:00 UTC Released

UST Flows,Incl.Swaps

Actual

-66.6 Bln USD

Forecast

Previous

25.3 Bln USD

February 15 21:00 UTC Released

USOverall Net Capital Flows

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-33.1 Bln USD

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31 Bln USD

January 31 00:00 UTC 549097549097m

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2016 bln ARS

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January 31 00:00 UTC 549097549097m

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 560917560917m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 549097549097m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 560917560917m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 549097549097m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 549097549097m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 549097549097m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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