The EUR/USD pair declined on Thursday as the pair attracted sellers after the European Central Bank left key interest rates unchanged. The ECB held rates at record lows as it seeks to revive growth and inflation with che…
The EUR/USD pair declined on Thursday as the pair attracted sellers after the European Central Bank left key interest rates unchanged.
The ECB held rates at record lows as it seeks to revive growth and inflation with cheap credit to the economy. It left the door open to more policy stimulus, highlighting "great" uncertainty and abundant risks to the economic outlook.
The pair is trading around 1.1017 levels and it is expected decline further towards 1.0950 and 1.0900 levels in the short term.
To the upside, the strong resistance can be seen at 1.1085, a break above this level would take the pair towards next resistance level at 1.1126.
To the downside immediate support can be seen at 1.0980, a break below will open the door towards next level at 1.0922 levels.
