The euro weakened after the ECB maintained its accommodative monetary stance.
The pair has so far kept its bullish bias following a rally above April 2018’s high at 133.48. The price action has bounced off 132.90, the base of a previous rally which also coincides with the 20-day moving average on the daily chart.
133.80 is a major resistance, as its breach could clear the path for an extended rally above 134.
However, a drop below the aforementioned congestion area may prolong the sideways actions towards 132.50.
Written by Admin
California will strengthen the security of the debit cards it uses to issue unemployment insurance ...
A Specialist trader works inside a booth on the floor of the New York Stock ...
The Starling Bank banking app on a smartphone.Adrian Dennis | AFP via Getty ImagesLONDON — ...