Filed Under:
Forex pairs in this Article » EUR/USD (Barcelona) - The euro continues its recovery after the ECB left no room for surprises, leaving the lending benchmark intact at 0.75%, broadly in line with market consensus.
Traders would be cautious however, ahead of the more relevant press conference due at 1330GMT, where a dovish tone is set to prevail, adding pressure to the shared currency.

At the moment, the euro is advancing 0.37% at 1.3113 against the greenback, facing the next hurdle at 1.3140 (high Jan.8) followed by 1.3141 (MA10d) and then 1.3159 (MA21d).
On the downside, a dip below 1.3030 (Lower Bollinger) would aim to 1.3018 (low Jan.7) and then 1.2998 (low Jan.4).
comments powered by Disqus