Euro decline, But the ECB policy vision for the limit decreases.

[hpc]

The euro fell on Monday, the short-term technical chart shows a bearish signal, but the euro's drop was limited, Due to market expectations that the ECB will soon adopt new measures to deal with the euro zone debt crisis. Euro hit on Friday, three weeks highs. Euro weekly chart failed to form a reversal pattern, caused by pressure on the trend.

By HPCforex.

 

[hpc]

EUR / USD lost ground, Effect on the European Central Bank's action.

EUR / USD long positions reduction, because doubts emerge on the ECB. The hourly chart support at 1.2280, Bits of key support 1.2241, If fell below 1.2240 ,Would imply a short-term ceiling in 1.2390.

By HPCforex.