15 Apr 2015
EUR/USD around 1.0600 on ECB
FXStreet (Edinburgh) - The shared currency remained apathetic after the ECB decision today, with EUR/USD hovering over the 1.0600 handle.
EUR/USD now looks to Draghi’s press conference
The pair posted no reaction after the European Central Bank left its benchmark rate unchanged at 0.05% in today’s meeting. In the same direction, it left intact the marginal lending facility and the deposit facility at 0.30% and -0.20%, respectively.
Next on tap will be the press conference by President Draghi followed by the US data releases.
EUR/USD key levels
The pair is now retreating 0.65% at 1.0585 with the next support at 1.0521 (low Apr.13) would open the door to 1.0457 (2015 low Mar.18) and finally 1.0360 (low Jan.8 2003). On the flip side, a breakout of 1.0708 (high Apr.14) would expose 1.0713 (low Mar.31) and then 1.0763 (10-d MA).
EUR/USD now looks to Draghi’s press conference
The pair posted no reaction after the European Central Bank left its benchmark rate unchanged at 0.05% in today’s meeting. In the same direction, it left intact the marginal lending facility and the deposit facility at 0.30% and -0.20%, respectively.
Next on tap will be the press conference by President Draghi followed by the US data releases.
EUR/USD key levels
The pair is now retreating 0.65% at 1.0585 with the next support at 1.0521 (low Apr.13) would open the door to 1.0457 (2015 low Mar.18) and finally 1.0360 (low Jan.8 2003). On the flip side, a breakout of 1.0708 (high Apr.14) would expose 1.0713 (low Mar.31) and then 1.0763 (10-d MA).