EUR/USD trades around 1.1230, largely unchanged after the ECB decision, markets now await Draghi's presser at 1230 GMT The European Central Bank (ECB) in line with widespread expectations, left interest rates unchanged W…
EUR/USD trades around 1.1230, largely unchanged after the ECB decision, markets now await Draghi's presser at 1230 GMT
The European Central Bank (ECB) in line with widespread expectations, left interest rates unchanged
While no change is expected, the bank is set to cut its inflation forecasts and will probably promise to beef up its bond-buying programme if prospects weaken further
Dovish language from the ECB should underpin overall risk sentiment and help the dollar, which has in the past few weeks moved in tandem with global stocks
Immediate support at 1.1205 (low Sep 3) followed by 1.1180 (low Aug 31) and then 1.1156 (low Aug 27)
On the other hand, a break above 1.1294 would expose 1.1320 (high Sep 2) and finally 1.1333 (high Sep 1)
