Forex: EUR/USD rises above 1.4855 ahead the ECB decision

05 November 2009 @ 07:36 am EDT

FXstreet.com (Barcelona) - The Euro has broken the 1.4855 resistance against the Dollar in the minutes before the ECB rate decision. The pair has been trading in a narrow range between 1.4835 and 1.4855 in the last three hours against the Dollar with the pair focusing on today's ECB rate decision.

Currently the pair is trading around 1.4860/70, 0.10% below today's opening price action at 1.4860.

ECB is expected to hold unchanged its interest rate at 1.0%. Jean Claude Trichet, ECB's president is schedule today to speech at 13:30 GMT, commenting the committee decisions.

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