Euro Slips As Investors Prepare For ECB Meeting Next Week

0 43

The euro currency continues its declines for the third consecutive day, as the ECB meets in a week’s time.

The common currency touched down to a weekly low of 1.1789 before pulling back into the start of the European session.

The Stochastics oscillator on the 4-hour chart remains well oversold, offering a modest rebound in prices.

However, the upside might be limited to the 1.1900 level. Here, the resistance will most likely keep a lid on the gains.

This opens up the downside as EURUSD could very well retest the 1.1715 level of support.

Test your strategy on how the euro will fare with Orbex - Open your account now. 

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

Leave A Reply

Your email address will not be published.