Quotes from Lloyds Bank: -The main focus this week will be the ECB meeting. The surprise announcement from the SNB last week has increased market expectations that the ECB will announce a substantial stimulus package this week, and should keep EUR/USD under pressure ahead of Thursdays meeting. -EUR/USD is now at levels not seen since 2003. The Nov-03 low of 1.1377 could provide some initial support ahead of key support around 1.1200/25.
Posted on: Mon, 19 Jan 2015 08:43:48 +0000