EUR USD today: a pair is waiting for the ECB meeting - Ester Holdings

EUR USD today: a pair is waiting for the ECB meeting

A pair of EUR USD at the trades on Tuesday updated a two weeks high at the level of 1.1280, indicating that the upward trend in the euro remains unchanged. At the same time, the extension of the transition period for Brexit and the aggravation of trade relations between the United States and the eurozone does not actually affect the market, that was waiting  for the ECB meeting results of the and Draghi’s speech.

Events for today:

  • At 14:45 – the ECB meeting results will be announced: the rate on deposit funds, the margin lending rate of the ECB and the interest rate decision (April).
  • At 15:30 –  inflation data in the United States will be released: core consumer price index (CPI) (y/y) (March) and the consumer price index (CPI) (m/m) (March).
  • Also at 15:30 –  the ECB will hold a press conference.
  • At 17:30 – stocks of crude oil in the United States.
  • At 21:00 – the publication of FOMC protocols will take place.

Today’s day is full of significant statistics, among which it is worth highlighting the results of the ECB meeting and the FOMC protocol.

From the publication of the meeting results, the ECB is expected to maintain monetary policy. An increase in activity is expected at the press conference of the ECB.

Until that time, the activity on the euro will be restrained and limited to the trading range on Tuesday from 1.1280 to 1.1250. On the breakdown of this channel, you can not consider long-term transactions with an eye to the high market volatility. More significant resistance levels: 1.1320, 1.1350 and 1.1380, support: 1.1230, 1.1200 and 1.1180.


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Hanzenko Anton


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