Ahead of the ECB, EUR/USD has more room down than up

The EUR/USD managed to claw its way back up above 1.1400 but still hesitates ahead of the all-important ECB decision. The Technical Confluences Indicator shows that the world’s most popular currency pair faces resistance around 1.1433 where we see the convergence of the Simple Moving Average 10-4h, last week’s low, the SMA 200-15m, and the SMA 50-1h. Stronger resistance awaits at 1.1482 which […]

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