Our pair continues the downward movement after the statements by Fed and the ECB. The dollar is strengthened against the basket of major currencies, while the euro goes down.
On the graph we observe that the price was trying to overcome the resistance level of 1.1630 and move upward, but went away from this level.
We expect the price to go to the 1.1530 mark and, in case of passing this mark, we expect an update of the annual lows.
On the graph we observe that the price was trying to overcome the resistance level of 1.1630 and move upward, but went away from this level.
We expect the price to go to the 1.1530 mark and, in case of passing this mark, we expect an update of the annual lows.