The results of the minutes of the ECB meeting on monetary policy

The publication of the minutes of the ECB meeting on monetary policy had a very weak impact on the market, despite statements about the possibility of revising the quantitative easing program and its impact on the economy. Such statements can be very positive for the euro, but limited due to the lack of meaningful actions. Also, do not forget about the significant overbought of the euro against the US dollar.

At the moment, the pair EUR/USD is limited by resistance level 1.1860 (last week’s high), which is confirmed by the morning forecast for the pair. In the market there continues to be some uncertainty due to the decrease in liquidity, which can cause mixed volatility.

Hanzenko Anton