EUR/USD ends slightly lower on ECB day

By FXstreet.com | August 07, 2014 AAA

FXStreet (Córdoba) - The EUR/USD finished Thursday slightly lower, hovering around 1.3360. The most volatile moment of the day was during Mario Draghi press conference, when the pair peaked at 1.3392 but then fell quickly to 1.3336.



The price manage to hold above yesterday's lows and moved modestly to the upside, trimming losses during the American session. The recovery found resistance below 1.3370.



EUR/USD, ECB steady

The European Central Bank left rates unchanged as expected and made no extraordinary announcements as expected. “While the ECB signalled that it could do more if needed, the most likely scenario is that the Bank will not embark on further actions any time soon. Conditions would have to drastically deteriorate to force the ECB to act”, said Clemente de Lucia, Economist at BNP Paribas.



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