EUR/USD (current price: 1.1304)
The Euro ended the day slightly lower compared to its U.S. counterpart as the ECB meeting didn’t change the overall landscape concerning the common currency. EUR/USD regained the1.1375 resistance following the decision but closed below the 1.13 level for the second day in a row. The pair closed on the short-term advancing trend-line that we have been monitoring recently, and the next few sessions should decide whether the rising trend will commence or not.
Our assessment: EUR/USD might test the slightly advancing 200-day MA in the coming days, especially if Mario Draghi delivers yet another dovish surprise today.
