EURUSD: Short Term levels.
Support to watch 1.2805/10 - 1.2755 - 1.2665
Resistance: 1.2940/60 - 1.3000/35
To relieve the bearish pressure, we would need to go back above 1.2940/60 to test the more important 1.3000/35. Until then SELL rally ( ideally) with a S/L 1.2975 or 1.3055
Week End News:
•[ul]
[li]Current proposed G20 growth measures would add 1.8 pct to global growth by 2018 - german g20 source
[/li][li]Germany’s Schaeuble sees potential risk of bubbles in share and real estate markets - german g20 source
[/li][li]Schaeuble underlined need for structural reforms and consolidation to foster sustainable growth - german source
[/li][li]German fin min Schaeuble sees solid fiscal policy necessary to create room to act if risks materialize
[/li][li]
[/li][/ul]
Noyer says QE not on ECB agenda at the moment
•[ul]
[li]ECB waiting for results of current stimulus steps
[/li][li]Noyer says euro zone “certainly not in deflation”
[/li][li]But inflation too low for too long is “is dangerous”
[/li][li]
[/li][li]
[/li][/ul]
Weaker euro would be helpful to restore price stability
