Back
3 Apr 2014
EUR/USD eyes 1.3780 after ECB
FXStreet (Edinburgh) - The single currency is advancing into the positive ground on Thursday, pushing the EUR/USD to the area of 1.3780.
EUR/USD now looks to Draghi’s presser
The pair is now hovering over the 1.3780 level after the ECB left no room for surprises in today’s meeting, leaving the refi rate unchanged at 0.25%, in line with consensus. Market participants would now focus on Draghi’s press conference for further clues regarding the stance of the central bank amidst the recent inflation figures and increasing rumours of further easing measures.
EUR/USD relevant levels
The pair is now gaining 0.05% at 1.3775 and a break above 1.3820 (high Apr.2) would open the door to 1.3827 (high ar.26) and finally 1.3828 (21-d MA). On the downside, the initial support lines up at 1.3755 (low Apr.2) followed by 1.3721 (low Mar.31) and then 1.3719 (55-d MA).
EUR/USD now looks to Draghi’s presser
The pair is now hovering over the 1.3780 level after the ECB left no room for surprises in today’s meeting, leaving the refi rate unchanged at 0.25%, in line with consensus. Market participants would now focus on Draghi’s press conference for further clues regarding the stance of the central bank amidst the recent inflation figures and increasing rumours of further easing measures.
EUR/USD relevant levels
The pair is now gaining 0.05% at 1.3775 and a break above 1.3820 (high Apr.2) would open the door to 1.3827 (high ar.26) and finally 1.3828 (21-d MA). On the downside, the initial support lines up at 1.3755 (low Apr.2) followed by 1.3721 (low Mar.31) and then 1.3719 (55-d MA).