5 Mar 2015
EUR/USD unchanged on ECB
FXStreet (Edinburgh) - The shared currency remained apathetic in response to the ECB steady stance in today’s meeting, with EUR/USD around 1.1050.
EUR/USD now focus on Draghi
Spot keeps the intraday range after the European Central Bank left the refinancing rate at 0.05% and the deposit rate at -0.20%, matching the broad consensus. Next on tap will be the press conference by President Mario Draghi and the updated forecasts on inflation and economic growth in the region.
EUR/USD key levels
As of writing the pair is retreating 0.27% at 1.1047 facing the next support at 1.1000 (psychological level) ahead of 1.0914 (low Sep.5 2003) and then 1.0809 (low Sep.4 2003). On the flip side, a breakout of 1.1218 (high Mar.3) would expose 1.1245 (high Feb.27) and then 1.1271 (10-d MA).
EUR/USD now focus on Draghi
Spot keeps the intraday range after the European Central Bank left the refinancing rate at 0.05% and the deposit rate at -0.20%, matching the broad consensus. Next on tap will be the press conference by President Mario Draghi and the updated forecasts on inflation and economic growth in the region.
EUR/USD key levels
As of writing the pair is retreating 0.27% at 1.1047 facing the next support at 1.1000 (psychological level) ahead of 1.0914 (low Sep.5 2003) and then 1.0809 (low Sep.4 2003). On the flip side, a breakout of 1.1218 (high Mar.3) would expose 1.1245 (high Feb.27) and then 1.1271 (10-d MA).