The European currency does not show any significant motion on the Thursday Forex trading. According to the meeting of the European Central Bank the key refinancing rate was kept at 0.0%, the deposit rate at -0.40%, while the ECB’s lending rate at 0.25%. The market did not expect a change from the ECB, the currency pair EUR / USD is kept stable.
EUR/USD technical analysis and forecast on June 3
The euro / dollar showed a rebound from the ascending channel’s lower border and broke the descending correctional channel. The main purpose for the “bulls” on the euro is above 1.17. The growth resumption of the RSI is expected for the resistance level. The EUR / USD forecast for the 3rd of June considers an increase in the area 1.1250. However, the “bears” look for a new attempt to break through the lower boundary.
