ECB Sticks to Taper Plans
The European Central Bank (ECB) reaffirms its plans to taper off bond purchases.
ECB will keep on buying 30 billion euros of bonds every month until September-end, following which it’ll trim the amount to 15 billion euros per month starting October and finally stop making new purchases by the end of the year.
The decision comes amid euro-area’s economic rebound, increase in consumer confidence and strengthening corporate lending.
ECB’s stance might be expected to assuage ‘currency war’ fears, as the unwinding of bond purchases could potentially limit the euro’s slide or even bolster its value.
EURUSD's Stochastic Oscillator remains in overbought zone for 2 days
Expect a price pull-back in the near future.
Technical Analysis (Indicators)
Bearish Trend Analysis
EURUSD broke above its upper Bollinger Band on July 10, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where EURUSD's RSI Indicator exited the oversold zone, of 50 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on July 13, 2026. You may want to consider a long position or call options on EURUSD as a result. In of 154 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for EURUSD just turned positive on July 02, 2026. Looking at past instances where EURUSD's MACD turned positive, the stock continued to rise in of 117 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EURUSD advanced for three days, in of 262 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 276 cases where EURUSD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
