For Traders

Analytical Reviews

10.12.202015:55 Forex Analysis & Reviews: EUR/USD advances after ECB decision

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

EUR/USD

The Euroipean Central Bank (ECB) decided to boost its Pandemic Emergency Purchase Programme (PEPP) by €500 billion to €1,850 billion until March 2021.

The regulator's decision to expanded the program came as a result of an alarming coronavirus situation in Europe.

The euro is moving upward.

Long and short positions are from 1.2150 and 1.2058, respectively.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.