22, April 2013

EUR/USD (a 4-hour chart)

EUR/USD (a 4-hour chart)

The last trading week EURUSD finished with a slight increase, but the dynamics of the bearish influence is clearly apparent, which may be developed in the coming trading week.

Euro has nothing to rely on yet. It is expected that the ECB to ease the monetary policy in the region in May and will lower key interest rates, which, at first, may support the euro. Still, according to many analysts, the euro will lose ground, weakening under the pressure of an understated macroeconomic statistics.

The U.S. economy looks great for the moment. Everything shows a continued economic recovery at a moderate pace. The housing market began to move, business activity remains at acceptable levels and demonstrates a growth, which, nevertheless, can be assessed only as long as unstable.