Published ECB report showed that in March the more aggressive reduction in borrowing costs was considered.
From the report it became clear that the central bank still counts on the continuation of decrease in rates, which had a negative impact on the dynamics of the euro in the EUR / USD pair.
EUR/USD technical analysis and forecast on April 8
The EUR / USD again tested the upper boundary of the ascending channel, but then market “bears” returned .The volatility in the pair is kept, the RSI is in the neutral zone, indicating a continuation of the consolidation quotes near the upper boundary of the channel. EUR / USD Forex forecast for tomorrow considers the trading in the narrow range, it is expected the dollar increase attempt to 1.13000 area.
