eCBs announcement of another fresh round of tltros had a bullish impact on eurusd for much of March. Y Yield Curve A graph showing the change in yield of currencies and other instruments compared to the time until maturity. A hold of the support zone that runs from.2962-1.3000 can keep the door open for bullish strategies in the pair, looking for prices to move back towards.3087-1.3117, followed by a re-test of the.3181-1.3187 area that cauterized this weeks highs. Exchange rate movements are usually cited in terms s of points.
Fxtm brand is authorized and regulated in various jurisdictions. If you write a currency you are selling. P Point 100th of 1 per cent. Euro bears were able to re-gain control; and that theme has lasted through the first week. Outside of these boundaries are more pertinent support/resistance areas; with support around the.7000 big figure on the other side of the resistance zone thats held from.7185-.7206. Support has held from around.7050-.7075 over the past few weeks; while resistance has continued to come-in around.7125-.7150. Eurusd rally all the way up to range resistance.1448. At 02:00 GMT, China will report a change in the volume of industrial production, investment in fixed assets, and the volume of retail trade for April.