EURUSD rises as ECB leaves key rates unchanged.
EURUSD rising today as the result of the moderately bullish euro sentiment after The European Central Bank (ECB) decided to leave the interest rates unchanged – as expected. ECB told investors that “ECB will continue to provide ample liquidity through its refinancing operations.” – reassuring the traders that European economy will continued to be supported on its way out of the pandemic. The other bullish factor adding to euro longs is the comment by Lagarde that “ECB does not target the exchange rate” – which is emboldening the euro longs to drive the pair up.
Except buyers on downward corrections.
Next resistance to watch – 1.2080
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