Euro is in anticipation of ECB comments

The single currency maintains its positions against the US dollar after it was decided at the ECB meeting to keep the interest rate at 0.00% and the deposit rate at the level of -0.40%. After some decline in the single currency against the American in the first half of trades. This was caused by a partial profit-taking by investors in short positions of the US dollar, the pair EUR/USD is still slightly above the psychology of 1.2400.

Now all the attention of market participants will be riveted to the comments of the ECB leadership. Naturally, the ECB does not expect statements about a possible increase in interest rates, but it is possible that it may go about reduction in the monetary stimulus of the Eurozone economy.

Technical analysis: The pair EUR/USD remains positive in the course of trading. The main resistance levels are considered at the marks 1,2458, 1,2500. The support levels are 1.2335, 1.2300. It is worth noting that the decision on trade should be taken only after the announcement of the details of the press conference of the ECB.

Fig. EUR/USD. The current price is $ 1.2416.

Alexander Sivtsov