FXstreet.com (Barcelona) - The Fitch rating agency said European investors are expecting a new round of LTRO (Long-term refinancing operation) soon to boost the banks.
The EUR/USD had fallen to 1.2286 in the wake of the NY session, but quickly retraced back to 1.2300 sentiment level after Fitch’s statement.
The pair is at a fall, printing new lows this week. “We suspect that the move higher has terminated ahead of the 2 month channel resistance at 1.2500”, wrote Commerzbank analyst Karen Jones.
The EUR/USD had fallen to 1.2286 in the wake of the NY session, but quickly retraced back to 1.2300 sentiment level after Fitch’s statement.
The pair is at a fall, printing new lows this week. “We suspect that the move higher has terminated ahead of the 2 month channel resistance at 1.2500”, wrote Commerzbank analyst Karen Jones.
