Was the recovery of EUR/USD today a magic or was there something else involved? After all we have been waiting for a growth like that since the beginning of the week and we have it. Well. I can say that even though we didn’t see a great economic data from Eurozone, EUR/USD did have some help from the outside – weakness of the greenback. European currency is surging as the greenback is getting weaker and weaker as we go today.
But it seems that the growth and earnings possibilities as we see them today are not going to be with us for a long time as we are now waiting for EU to start altering monetary policies as well as lower interest rates which is certain to lead to losses with the couple. Right now it might not be clear when we are going to see changes in overall performance of the couple but one thing is for sure – while USD is falling and losing points it is possible for us to see some gains in the field.
With the ever-changing situation like we see today it is better to use trading signals to be aware of the changes.