EUR/USD - more actions on ECB minutes
The EUR/USD steadied in a long-term range between 1.1365 and 1.1435 on political tension and ‘Brexit’ issues, and on concerns that the ECB is more likely to cut rates further than expanding the Quantitative Easing (QE) program. The EUR/USD remains under pressure as it fails to cut 1.1455, and breaking 1.1390 will continue slumping near 1.1375, 1.1345 and 1.1330 respectively.
However, the EUR/USD needs a push above the minor resistance 1.1455 in order to clear the range and breakout, reaching 1.1475, 1.1500 and 1.1525 as next resistance levels.
Disclaimer: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.