SZEPT 12-ECB as expected decreased interest rates.

12 Eyl

14:15 EUR Deposit Facility Rate (Sep) 3.50% 3.50% 3.75%
14:15 EUR ECB Marginal Lending Facility 3.90% 4.50%

14:15 EUR ECB Interest Rate Decision (Sep) 3.65% 3.65% 4.25%

At the same time we got US economic data which is in my readings leaning towards that FED will cut only by 0,25 bps.

14:30 USD Continuing Jobless Claims 1,850K 1,850K 1,845K
14:30 USD Core PPI (MoM) (Aug) 0.3% 0.2% -0.2%
14:30 USD Initial Jobless Claims 230K 227K 228K
14:30 USD PPI (MoM) (Aug) 0.2% 0.1% 0.0%


investing.com/economic-calendar/ - All data can be find here on the day of 12 of sept.

Im do worried that altough we should see that EURO is continue to its down-side way its will revisite

• 
  1.106 an if so than 1.107-to 1.11020 range until FED.
  
  

Its fundamentally not logical but technicals show right-now a different picture.

RSI 4H indicating up-ward pressure

50 day and 200 day moving average indicating downside in the next 15 days.

13 Eyl

İşlem kapandı: hedefe ulaştı

We do suggest that we saw the top until FED decision 18-Sept.
From here we are taking short position.