ECB Meeting impact on EURUSD






Decline in the dollar index following the inflation data announced has led to recovery in US long-term treasuries and expectations that ECB will be hawkish today have paved the way for increases in the pair.  Technically, if the pair exceeds 1.0950 level, we will follow 1.1000 resistance indicated by Fibonacci 50.0 percent retracement line. On the other side,1.0870 and 1.0840 supports.