The euro is under the pressure of Draghi speech
The single currency was sharply under the pressure after the ECB President M. Draghi speech. In a nutshell, the ECB continues to adhere to the policy of increasing inflation. The statement was to expand the package of measures to stimulate the economy and inflation in the eurozone.
Against the background of the publication of an inflation data in the eurozone, it is a very alarming bell. The pressure on the euro will increase in the context of the soft ECB rhetoric and the slowing down of inflation in the eurozone.
EUR/USD has updated a low at the level of 1.1200. In the face of slowing inflation rates in the eurozone, we can expect a test of support levels: 1.1150 and 1.1120.
Fig. EUR/USD chart. Current price – 1.1200
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Hanzenko Anton
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