E-Forex - The Euro has ranged between 1.4670 and 1.4590 on yesterday being supported by the mid-term support at 1.4590, closing slightly lower versus the greenback. Support is seen now at 1.4610 backed by 1.4590 and 1.4545. Resistance starts at 1.4640 followed by 1.4670 and 1.4700. Higher, resistance emerges at 1.4760 and a break of the said resistance is needed to confirm an upcoming recovery of the Euro which may bring the 1.49 zone on-focus during the next days. The ECB is expected to leave rates unchanged today and a potential change would cause high volatility.
Join the Discussion