EURUSD: where to send Jellen
EURUSD in the moment concerned a mark 1.2453, but in the end of day has lost the lion's share of the typed points, having settled nearby near a level 1.24. The euro waved off weak data on inflation in Germany, which fell more than forecasts, and this reaction was quite indicative, pointing to the demand potential in the longer term. In recent days, the pair has become increasingly difficult to grow, but this may be due to both the adjustment of positions at the end of the month, and the rest of the bulls before a new attack on any negative for the dollar signals. So despite the worsening short-term sentiment, the overall picture of the euro remains bullish. The reason for a more distinct resumption of growth in the euro could appear today, if Yellen disappoints with his caution.