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EUR/USD hardly changed after ECB, Lagarde press conference in focus

The single currency has barely reacted to the ECB rate decision, with EUR/USD continuing to trade at 1.1130. As expected, the European Central Bank (ECB) decided to leave monetary policy unchanged. The ECB reiterated that interest rates will remain at current or lower levels until the inflation outlook has improved and the target has been sustainably reached just below 2%. Investors are now focusing on ECB President Christine Lagarde’s press conference, which can provide volatility in the EUR/USD.

Technical Levels

S1 1.1091
S2 1.1042
S3 1.1014

R1 1.1167
R2 1.1195
R3 1.1243

 

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