Overnight, the ECB remained cautious, stating that while the inflation path is lower than
before, the ECB should not lower its guard.
Keeping rates on hold at 4.50%, President Lagarde indicated that the ECB didn not discuss
rate cut scanarios.
The EURUSD traded higher following the news, with price trading within the 1.10 resistance
area and 61.8% FIB Retracement Level.
Next Mejor Resistance level at 1.1270
before, the ECB should not lower its guard.
Keeping rates on hold at 4.50%, President Lagarde indicated that the ECB didn not discuss
rate cut scanarios.
The EURUSD traded higher following the news, with price trading within the 1.10 resistance
area and 61.8% FIB Retracement Level.
Next Mejor Resistance level at 1.1270