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9 Jan 2014
EUR/USD steady as ECB stands pat
FXstreet.com (Córdoba) - The euro held pretty steady near daily highs after the European Central Bank decided to keep its monetary policy unchanged Thursday.
The EUR/USD showed no reaction to the central bank decision and continues to trade just above the 1.3600 level where it was just before the release. At time of writing, the EUR/USD is trading at the 1.3610 zone, recording 0.3% gain on the day. Attention now turns to ECB President Draghi press conference, who will comment on the considerations underlying the bank's decision at 13:30GMT.
EUR/USD technical levels
In terms of technical levels, the EUR/USD could face immediate resistances at 1.3620 (daily high), 1.3635 (Jan 89 high) and 1.3660 (Jan 7 high). On the other hand, supports are seen at 1.3585 (20-hour SMA), 1.3565 (daily low) and 1.3552 (Jan 7 low).
The EUR/USD showed no reaction to the central bank decision and continues to trade just above the 1.3600 level where it was just before the release. At time of writing, the EUR/USD is trading at the 1.3610 zone, recording 0.3% gain on the day. Attention now turns to ECB President Draghi press conference, who will comment on the considerations underlying the bank's decision at 13:30GMT.
EUR/USD technical levels
In terms of technical levels, the EUR/USD could face immediate resistances at 1.3620 (daily high), 1.3635 (Jan 89 high) and 1.3660 (Jan 7 high). On the other hand, supports are seen at 1.3585 (20-hour SMA), 1.3565 (daily low) and 1.3552 (Jan 7 low).