EURUSD CORRECTING AHEAD OF THE ECB
The euro has moved back towards critical support against the US dollar, as the greenback firms ahead of today’s European Central Bank monetary policy meeting. The EURUSD pair retains its bullish bias while trading above the key 1.1554 level. ECB President Mario Draghi is likely to set the intraday tone for the euro currency today.
The EURUSD pair remains bullish while trading above the 1.1553 level, key resistance is found at the 1.1630 and 1.1680 levels.
If the EURUSD pair falls below the 1.1553 level, the price may correct back towards the 1.1507 and 1.1488 support levels.