After a Green Surge, EURCHF Recedes As ECB’s Dovishness Keeps Euro Under Control

Azeez Mustapha



Select a Plan


 1-month subscription



 3-month subscription



 6-month subscription



 lifetime subscription



 Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored


Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

EURCHF quickly recovered yesterday’s losses after hitting an eleven-week low of 1.0921. The bounce helped the currency outperform the on the 4-hour chart. The RSI bounced above the neutral threshold of 50 but is currently pointing down, while the stochastic is moving towards the overbought area.

In a positive scenario, a successful close above 1.0915 resistance could push the market towards 1.1017 barriers and then a 200-period moving average at 1.1023. The further advance could open the door for the 1.1040 barriers and the 1.1075-1.1095 bounding area.

Europe’s vaccination progress. “Fears of increasing inflation remain widespread, as commodity prices continue to rise and China recorded a 6.8% annual increase in producer prices, which was higher than anticipated. With  the worries already taken a toll on tech stocks, and the safe-haven dollar gaining ground.”
ECB Could Exert Pressure on the Euro
The euro is subject to dovish comments from European Central Bank member François Villerois de Gallo. He advocates maintaining the ECB’s bond-buying scheme until at least March 2022, if not later. After a few conflicting headlines, his words seem to carry more weight and push the common currency lower.

The euro is still supported by the accelerating vaccination campaign in Europe. The old continent is catching up to the US, and efforts are paying off, with COVID-19 cases falling in Germany and elsewhere. Approximately 30% of EU residents received at least one injection.

The European Central Bank has promised to accelerate the pace of its bond-buying scheme in the second quarter but may announce that it is already canceling this policy in June when it meets again. That is, according to Martin Kazaks, one of the bank’s participants. Markets will see this as tightening and boost the euro. On the other hand, Ollie Rehn, another ECB member, wants to adopt the Fed’s approach of allowing inflation to rise above its 2% target to make up for past failures. This would mean that the policy would remain softer for a longer period, which would weaken the euro.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *