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16 Jul 2015
EUR/USD indifferent on ECB decision
FXStreet (Edinburgh) - The European currency kept the composure after the ECB decision today, with EUR/USD meandering around the 1.0890 area.
EUR/USD now looks to Draghi’s presser
In line with the broader consensus, the European Central Bank has left intact its monetary policy at its meeting today, with the Marginal Lending Facility at 0.05% and the Deposit Facility at -0.20%.
Next of relevance will be the press conference by President M.Draghi, where Greece is expected to take centre stage.
EUR/USD levels to watch
At the moment the pair is retreating 58% at 1.0886 and a breach of 1.0819 (low May 27) would expose 1.0800 (psychological level) and finally 1.0789 (low Apr.25). On the other hand, the initial up barrier aligns at 1.1036 (high Jul.15) followed by 1.1086 (high Jul.14) and then 1.1197 (high Jul.13).
EUR/USD now looks to Draghi’s presser
In line with the broader consensus, the European Central Bank has left intact its monetary policy at its meeting today, with the Marginal Lending Facility at 0.05% and the Deposit Facility at -0.20%.
Next of relevance will be the press conference by President M.Draghi, where Greece is expected to take centre stage.
EUR/USD levels to watch
At the moment the pair is retreating 58% at 1.0886 and a breach of 1.0819 (low May 27) would expose 1.0800 (psychological level) and finally 1.0789 (low Apr.25). On the other hand, the initial up barrier aligns at 1.1036 (high Jul.15) followed by 1.1086 (high Jul.14) and then 1.1197 (high Jul.13).