{"id":157669,"date":"2019-10-16T10:45:18","date_gmt":"2019-10-16T14:45:18","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=157669"},"modified":"2019-10-16T06:37:00","modified_gmt":"2019-10-16T10:37:00","slug":"eur_index-analysis-getting-ready-for-the-ecb-meeting-next-week","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/10\/eur_index-analysis-getting-ready-for-the-ecb-meeting-next-week\/","title":{"rendered":"EUR_Index Analysis: Getting ready for the ECB meeting next week"},"content":{"rendered":"
October 16, 2019<\/div>
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By IFCMarkets<\/a><\/strong><\/p>\n

Getting ready for the ECB meeting next week<\/strong><\/p>\n

In this review, we suggest to consider a personal composite instrument (PCI) & EUR_Index. It reflects the dynamics of changes in the value of the euro relative to other world currencies.Will the EUR_Index quotations <\/a> grow?<\/p><\/blockquote>\n

The growth of this PCI indicates the strengthening of the single European currency. The main factor for this could be a stable positive trade balance of the Eurozone, amounting to about 20 billion euros per month. The positive trend can continue. According to the Center for European Economic Research (ZEW), business activity in Germany increased significantly in October. Next week, on October 24, the next meeting of the ECB will be held. Accordingly, this week, a number of representatives of the European regulator are expected to speak, which may affect the dynamics of the euro.<\/p>\n

\"EUR_Index\"<\/p>\n

On the daily timeframe EUR_Index: D1<\/b> moved into a short-term neutral trend. Various technical analysis indicators have generated signals to increase. Further growth of quotations is possible if positive macroeconomic indicators are published in the EU and the current ECB policy is maintained.<\/p>\n