EURUSD Cheers Up Before ECB Rate Decision

<p>EURUSD jumped into the 1.1100 area ahead of the ECB policy announcement early on Thursday, exiting its bearish channel on the four-hour chart. The 50-period simple moving average (SMA) is currently keeping the bulls busy around 1.1145 and if it proves tough to surpass, the pair could switch into corrective mode. The 61.8% Fibonacci retracement of the latest downfall […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/511817-eurusd-cheers-up-before-ecb-rate-decision/">EURUSD Cheers Up Before ECB Rate Decision</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>