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Forex pairs in this Article » EUR/USD (Lisbon) - The EUR/USD foreign exchange rate abstained from any incendiary movements surrounding the ECB interest rate decision Thursday, continuing its movement along the 1.3200 barrier.

The ECB interest rate decision unsurprisingly came in unchanged at 0.5%, which was exactly in line with consensus expectations.

EUR/USD technical levels

In these moments, the EUR/USD is now trading at 1.3204, notching a marginal advance of +0.01% above its opening. Glancing at the technicals, the EUR/USD remains fortified above support at 1.3187, ahead of 1.3157 and 1.3138, notes the Danske Research Team. Alternatively, resistance lies higher at 1.3218.

EUR/USD strategic bias

According to the Technical Analyst Team at, “The EUR/USD’s attempt to the upside yesterday remained limited below 1.3230 levels then stabilized again below 38.2% correction at 1.3185 as shown on graph. Stochastic is showing negativity again giving the possibility of a downside move today. Of note, trading stably below 1.3150 is important to strengthen the downside move.”
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