FX.co ★ Trading plan for EUR/USD pair on 09/13/2019

The euro made two big moves after the ECB. First was a sharp drop down to almost the lows of the month at 1.0926, and then an equally rapid growth reaching a new high of the month at 1.1086.

This probably indicates strong support for the euro at current levels.

The ECB lowered the rate to minus 0.5% and introduced a new liquidity injection program of 20 billion euros per month. Nevertheless, it is much less than the previous such program that reached 60 billion euros per month.

EURUSD: We keep purchases from 1.1060 with a possible reduction.