The Fed announced a new plan in order to stimulate the U.S. economy at the meeting that ended on Thursday. This should continue to keep rates exceptionally low in the United States until the end of 2015 and go on well after economic recovery.
At the technical level, we note that the euro is above 200 day moving average period, which that the rate is going to maintain an upward trend for a long time until the next target of 1.35 and reach 1.40 at the end of the year. Everything depends on how good the situation is in the Eurozone countries, here the euro appreciated only by a weak dollar, but still the problems are not solved.
In the short-term we recommend buying a return to the 200 day moving average around 1.2880 periods with goals at 1.32 and above at 1.35.
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