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Sep 14 - 07:55 AM

EUR/USD - There Are Two EUR/USD Levels To Watch In Wake ECB Decision

By Jeremy Boulton  —  Sep 14 - 06:15 AM
  • EUR/USD drops 1.1276-1.0686 ahead Sep ECB while longs pared nL1N3AQ0GP

  • A close below 1.0696 would target a return to March low at 1.0516

  • A close back above 200-DMA at 1.0828 should see uptrend resumed nL1N3AQ0JQ

  • Thursday's range 1.0725-52 EBS - this week's range 1.0706-71

  • ECB deposit rate seen unchanged at 3.75% on Thursday

  • Economists think depo rate peaks this year at 3.75% or 4.00% nL1N3AQ0FW

Source:
Refinitiv IFR Research/Market Commentary

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