The euro came under pressure after comments of the head of Bundesbank, Jens Weidmann, who stood on the side of the European regulator and dismissed criticism from German politicians. Jens Weidmann said that the ultra-soft monetary policy is appropriate and brings good results.
EUR/USD technical analysis and forecast on April 14
Currency pair EUR / USD showed a breakdown of the lower boundary of the consolidation, the euro drops following the week forecast. Relative Strength Index pierced trend line and shows a further decline, indicating the power of the “bears”. The EUR / USD Forex Forecast on April 14, provides retest level 1.1325 and the resumption of quotations reduction up to 1.1150.
