FXStreet – The common currency could, with a Smile, recover, and so changes in the EUR/USD is in the positive area, so that he 1,0880/85 traded.
EUR/USD bids on Draghi
The Pair was able to reverse the decline in the 1,0860 on Wednesday, after the ECB President M. Draghi in the Netherlands, gave a speech.
Draghi said that the Central Bank will end its easy monetary policy, of course, if the economy and Inflation improve. Draghi also stressed that the risk to price stability “in Whole” in the handle
He repeated once again that the Euro is irreversible.
The Export/import prices of the United States in April on those estimates, as they rose on a monthly basis by 0.2 % and 0.5 %.
• EUR/USD upward pressure takes 1,0830 from
• Draghi’s speech: Our monetary policy, inflation expectations are successfully stabilized
• Draghi’s speech: The time for the end of the loose monetary policy is not yet come
EUR/USD significant levels
Currently, the daily profit is 0.03 % at 1,0878 and the next Resistances lie at 1,0916 (23,6 % Fibo of the April to may rally), 1,0935 (High-9. May) and 1,1024 (2017 High 8. May). Currently supports can be found at 1,0861 (Deep-9. May), 1,0850 (38,2 % Fibo of the April to may rally) and 1,0829 (200-day SMA).
** FXStreet News Editorial, FXStreet**