EUR/USD Remains Under Pressure
FxGrow | Apr 11, 2016 04:50AM ET
EUR/USD - more actions on ECB minutes
The EUR/USD steadied in a long-term range between 1.1365 and 1.1435 on political tension and ‘Brexit’ issues, and on concerns that the ECB is more likely to cut rates further than expanding the Quantitative Easing (QE) program. The EUR/USD remains under pressure as it fails to cut 1.1455, and breaking 1.1390 will continue slumping near 1.1375, 1.1345 and 1.1330 respectively.
However, the EUR/USD needs a push above the minor resistance 1.1455 in order to clear the range and breakout, reaching 1.1475, 1.1500 and 1.1525 as next resistance levels.
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