No surprises from the ECB overnight can push EURUSD
Overnight, the ECB remained cautious, stating that while the inflation path is lower than
before, the ECB should not lower its guard.
Keeping rates on hold at 4.50%, President Lagarde indicated that the ECB didn not discuss
rate cut scanarios.
The EURUSD traded higher following the news, with price trading within the 1.10 resistance
area and 61.8% FIB Retracement Level.
Next Mejor Resistance level at 1.1270
before, the ECB should not lower its guard.
Keeping rates on hold at 4.50%, President Lagarde indicated that the ECB didn not discuss
rate cut scanarios.
The EURUSD traded higher following the news, with price trading within the 1.10 resistance
area and 61.8% FIB Retracement Level.
Next Mejor Resistance level at 1.1270