The EUR/USD is under pressure ahead of ECB meeting
The EUR/USD failed to cut 1.1390, giving signs of a bearish movement, especially after Draghi’s press conference as he announced to deliver easing rather than further cuts in interest rates. Speculations of more easing and breaking the major support point 1.1285 will extend the bearish trend near next support points 1.1245, 1.1215 and 1.1190.
However, the EUR/USD topside targets are still on the way, as Draghi keeps the door open to further support the monetary union, and a close near 1.1360 is needed to create a bullish move toward 1.1380, 1.1420 and 1.1460 respectively.
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