#EURUSD @ 0.99095 : Euro sellers could remain on the sidelines ahead of ECB’s policy decisions
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EUR/USD has managed to stage a rebound following Tuesday’s decline. The pair could struggle to find direction ahead of the European Central Bank’s (ECB) monetary policy announcements on Thursday, FXStreet’s Eren Sengezer reports.
“The lack of decisiveness behind the market pricing of the ECB rate decision could cause EUR/USD’s action to remain choppy on Wednesday.”
“On the upside, 0.9935 (20-period SMA) aligns as immediate resistance ahead of 0.9980 (static level, 50-period SMA) and 1.0000 (psychological level, 100-period SMA).”
“Supports are located at 0.9900 (psychological level), 0.9880 (static level) and 0.9860 (20-year lows).”
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