With so many traders are looking forward to applications from the central banks, which, apparently, partly burned. The result of publication of the results of the Fed meeting, the ECB and the Bank of England became the volatility at current levels. Ultimately quotes have not moved from their original values. In yesterday's trading session was quite a lot of news. Due to this dynamics of the major currency pairs was at a certain point in different directions. Despite the strong economic data from the Eurozone, investors chose to eventually sell the European currency. In the speech Draghi quotes pair EUR/USD started the downward momentum.
It's worth noting that the strengthening of the euro is now not need the economy of the region. Recent economic data for the euro area led some market participants to believe in the restoration of growth and even a possible tightening of ECB monetary policy. President of the European Central Bank in his speech made it clear that such expectations regarding raising rates too exaggerated and unfounded. As a result, EUR/USD tested the 1.3193 mark. Currently the pair is trading in a narrow range 1.3230 - 1.32 . Talk about the turn of the medium-term uptrend in the euro so far, but the premise of both technical and fundamental nature of this, no doubt, are available.
Small upward momentum can be used for short selling EUR/USD with the objectives in the area of 1.3 and below. This decline can be primarily attributed to speculation around waiting reduction program of quantitative easing in September. At such a relatively neutral news background, quotes couples have every chance to slide to support at 1.2750 the September Fed meeting.
GBP/USD ends week lower. Having started her at around 1.5392, now the pair is trading around 1.5125 . Overall, nearly 3 figures in favor of the dollar. The immediate support for the pound bears waiting at 1.5040, and the medium-term target for this decline - the level of 1.48, which is unlikely to pass at once. The Bank of England left interest rates unchanged. No surprises in this pair of players are not expected. Short positions opened earlier, it's appropriate to continue to hold. 1.5250 level - is a strong resistance level that bulls have failed to pass in the last two days. Accordingly, to overcome it will signal the cancellation of the medium-term trend.
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