20, May 2013

EUR/USD (a 4-hour chart)

EUR/USD (a 4-hour chart)

The EUR/USD fell by 58 points on Friday, after the market sentiment has shifted in the direction of the dollar. The euro fell after the ECB confirmed that the Board of Governors "considering options for further strengthening of lending to the real sector of the economy and, in particular, small and medium-sized enterprises", and it seems that the central bank will maintain a policy easing in the coming months as the eurozone is trying to get back to growth.

The economic recession in France impacted the pair as well having pushed the pair down.

News released in the eurozone and the U.S. showed that the inflation in both regions is under the full control and fell below predicted by the ECB and the Fed 2%.

Eurozone economy continues to fall the sixth quarter in a row, leaving the door open for negative GDP data for Q2. We believe that the peaks of EUR USD that were in February we will remember as the best moments of 2013.