Forex: EUR/USD around 1.3110/15 after ECB
Forex pairs in this Article »
EUR/USD
FXstreet.com (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).
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).
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