The ECB decided not to give more stimulus at its April meeting, but it was clear that, everything if prospects for recovery of the inflation becomes worse everything necessary will be done. Mario Draghi said that the euro zone economic growth would have looked much worse than it is now, if monetary expansion of the regulator was not applied.
EUR/USD technical analysis and forecast for 04/25/2016 – 04/29/2016 week
The Currency EUR / USD pair is traded within the correction to the lower boundary of the ascending channel. The RSI on the daily chart continues to decline, which confirms the expectations of the dollar strengthening. The EUR / USD forecast for the week 25/04/2016 – 29/04/2016 considers the reduction of the euro rate with the first goal in the 1.1200 area.
