EUR/USD Keeps 1.1300 on Steady ECB
The European currency keeps its buoyancy intact today, with EUR/USD now trading in session highs near 1.1330.
EUR/USD muted post-ECB
The pair remained apathetic after the ECB
left its monetary policy unchanged at its meeting today, broadly in
line with market expectations. The central bank kept the interest rate
on the main refinancing operations at 0.00%, the interest rate on the
marginal lending facility at 0.25% and the interest rate on the deposit
facility at -0.40%.
Market participants will now wait for the more interesting press conference by President Mario Draghi.
EUR/USD levels to watch
The
pair is now up 0.22% at 1.1321 and a break above 1.1387 (high Apr.20)
would target 1.1454 (2016 high Apr.7) en route to 1.1496 (monthly high
Oct.15 2015). On the flip side, the immediate support aligns at 1.1219
(38.2% Fibo of 1.0820-1.1455) followed by 1.1192 (55-day sma) and
finally 1.1142 (low Mar.24).
