Wednesday, 12 May 2021

EUR/USD Rally Stalls Ahead of February High Even as ECB Slows PEPP

The recent rally in EUR/USD appears to have stalled ahead of the February high (1.2243) as the exchange rate snaps the series of higher highs and lows from last week.

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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...