EURUSD:Lagarde Effect in Parity



We see that the euro gained value after the President of the European Central Bank (ECB), Christina Lagarde, stated that they are ready to combat high inflation and that they will act more quickly in line with the increasing threat of inflation. Technically, if the 1.0620 level can be overcome with pressure in the parity, which continues its buying trend in the ascending minor trend, the 1.0670 resistance may become the target. In case of possible downward movements in the parity, 1.0530 and 1.0485 supports can be followed closely by market players.