FOREX Analysis (Stage 1 - individual part) - EUR/USD

FOREX Analysis (Stage 1 - individual part) - EUR/USD
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EUR/USD
1. EUR/USD Historical Data:
Figure 1: Exchange rate chart of EUR/USD data from April 2018 to March 2019 (Thomson
Reuters Eikon)
The EUR/USD declined in April-May 2018 due to hike in the US Fed rates in March and
increase in geo-political issues. The pair had hit high of 1.255 in February, afterwards it was
range bound for few months and then it started to decline in later half of April. In May 2018,
Euro declined further because of the expectations that the ECB will phase out the stimulus
provided by its massive three-year bond-buying program and uncertain political scenario in
Italy and Spain.
Figure 2: 1-year price history of EUR/USD (Thomson Reuters Eikon)