- Overview:
The markets witnessed a state of anticipation before the announcement of the interest rate decision on deposits at the European Central Bank, and the interest rate decision of the European Central Bank, as the pair reached the resistance level of 1.0800 and did not succeed in breaking it, but with the European Central Bank announcing the interest rate decision, a situation prevailed From the madness that lasted for two minutes, the pair moved more than 80 pips up in a minute, when it reached the level of 1.0870, but it quickly fell again, and the pair is now trading at 1.0760 levels. tellthebell
- Our expectations:
The pair is still trading above the pivot point 1.0742, which enhances the chances of rising again to the 1.0800 resistance level, but if 1.0742 is broken, it strengthens the chance for a drop to the 1.0684 support levels.
- Important levels: