EUR/USD decreased before the ECB interest rate call
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The EUR/USD exchange rate fell in the fourth day in a row, it took 0.25 percent and dropped to 1,0500 when deciding the latest interest rates of the European Central Bank still put pressure on the delivery houses. Fiber translation.
Today EURUSD broke under the EMA 89 at 1,05466, with EMA 34 at 1.05294 played an important role in the dynamic resistance. It is expected that after EURUSD touches the resistance of 1,05145, it will continue to be maintained. The nearest support is still at 1,04780, an important psychological area, if this level is broken, the money pair can decrease deeper to 1,04200.
Traders should closely monitor the ECB interest rate information, and pay attention to the upcoming US CPI data, because this will be the decisive factor for the next trend.
Today EURUSD broke under the EMA 89 at 1,05466, with EMA 34 at 1.05294 played an important role in the dynamic resistance. It is expected that after EURUSD touches the resistance of 1,05145, it will continue to be maintained. The nearest support is still at 1,04780, an important psychological area, if this level is broken, the money pair can decrease deeper to 1,04200.
Traders should closely monitor the ECB interest rate information, and pay attention to the upcoming US CPI data, because this will be the decisive factor for the next trend.
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