6 Feb 2014
EUR/USD at lows before ECB
FXStreet (Córdoba) - The EUR/USD inched lower and printed fresh daily lows amid jitters ahead of the ECB monetary policy decision. The EUR/USD fell to a low of 1.3507 and it is currently trading nearby at the 1.3515 area, recording a 0.1% loss on the day.
With most analysts expecting no action from the European Central Bank, a surprise will affect the Euro, according to Valeria Bednarik, chief analyst at FXStreet. "There is not much to say about the EUR/USD at current levels, at least from a technical point of view, pretty flat since the week started ahead of the news", FXStreet analyst notes. "The EUR/USD needs to break either below 1.3470, or above 1.3550 to get a more directional impulse today".
With most analysts expecting no action from the European Central Bank, a surprise will affect the Euro, according to Valeria Bednarik, chief analyst at FXStreet. "There is not much to say about the EUR/USD at current levels, at least from a technical point of view, pretty flat since the week started ahead of the news", FXStreet analyst notes. "The EUR/USD needs to break either below 1.3470, or above 1.3550 to get a more directional impulse today".