Saturday, 8 May 2021

Euro Forecast: EUR/USD Price Outlook Still Positive, Reaching for 1.22

Last week ended well for EUR/USD, with Friday’s shockingly poor US jobs data giving it a lift, and this week could well see its advance extend if it can break conclusively above resistance at 1.2150.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...