By RoboForex Analytical Department
EUR/USD is still looking rather weak. On Monday 18 April, the major currency pair is trading at 1.0799, but investors aren’t too active due to the Easter holidays in the Catholic countries.
Last Thursday, EUR/USD dropped to its 2-year lows at 1.0757 amid global risk aversion. Another factor that failed the European Currency is the ECB’s unreadiness to tighten its monetary policy. In contrast to other global central banks, the ECB is obviously losing due to its unwillingness to fight the boosting CPI using available monetary tools.
At the same time, market players …
