Overall, EUR/USD is trending upwards. Recently, EUR/USD trended higher, breaking the resistance level of 1.11500.
Yesterday, the European Central Bank (ECB) held interest rate unchanged at 0.00%.
During the press conference, ECB Chairwomen Christine Lagarde said that inflation remains muted and that the ECB “stands ready to adjust ‘all of its instruments’”. Despite this, Lagarde still feels that further interest rate cut is unlikely.
EUR/USD’s next resistance level is at 1.12800 and the next support level is at 1.11500.
Look for short-term buying opportunities of EUR/USD.
Yesterday, the European Central Bank (ECB) held interest rate unchanged at 0.00%.
During the press conference, ECB Chairwomen Christine Lagarde said that inflation remains muted and that the ECB “stands ready to adjust ‘all of its instruments’”. Despite this, Lagarde still feels that further interest rate cut is unlikely.
EUR/USD’s next resistance level is at 1.12800 and the next support level is at 1.11500.
Look for short-term buying opportunities of EUR/USD.
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