EUR/USD regains the 1.0400 mark and above ahead of ECB data – by pabspiovano EURUSD Currencies Majors ECB
The dollar remains offered following Wednesday’s FOMC MinutesThe optimism around the European currency remains on the rise and now liftsEUR/USD now advances for the third session in a row and flirts with the multi-month resistance line near 1.0450, just ahead of the November highs around 1.0480.
will publish its Accounts of the last event seconded by speeches by Board members De Guindos, Schnabel and Enria.EUR/USD trades on a firm note and manages to break above the 1.0400 barrier, as the dollar remains offered and the appetite for the risk assets looks firmer. : Continuation of the ECB hiking cycle vs. increasing recession risks. Impact of the war in Ukraine and the persistent energy crunch on the region’s growth prospects and inflationSo far, the pair is gaining 0.29% at 1.0425 and faces the next up barrier at 1.0481 ahead of 1.0500 and finally 1.0614 . On the flip side, a breach of 1.0222 would target 1.0026 en route to 0.9935 .
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