EURUSD cracks 50% Fibonacci retracement, eyes on ECB rate decision
Thursday, July 16, 2015 5:02 AM UTC
- The euro is trading little changed at $1.0931 against the US dollar on Thursday morning in Asia
- Federal Reserve Chair Janet Yellen signalled overnight that the Fed is still looking to raise interest rates this year
- ECB will announce its minimum bid rate on Thursday at 7:45 am EDT and will be followed by ECB President Mario Draghi press conference at 8:30 am EDT
- Initial support levels are seen around $1.0915 and $1.0818 levels
- Resistance levels at $1.0962 and $1.1081 levels
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