EUR/USD | Euro to US Dollar Trading Analysis

EUR/USD | Euro to US Dollar Trading Analysis

Written by: PaxForex analytics dept - Thursday, 19 March 2020 0 comments

The economic support measures promised by different governments have not been able to close off the negatives in the markets. The dollar swap agreement with the major world currencies was launched in September 2008 after the bankruptcy of Lehman Brothers and the collapse of world stock markets. This mechanism was actively used until 2015. However, the large-scale easing of the US Federal Reserve's policy, its plans to repurchase 700 billion dollars of assets and joint actions of the world's largest central banks to provide dollar liquidity have not calmed investors and markets continue to sink.

EUR/USD, 30 min

Pivot - 1.0960