FxGrow Daily Technical Analysis – 21st April, 2016
By FxGrow Research & Analysis Team
The EURUSD is under pressure ahead of ECB meeting
The EURUSD failed to cut 1.1390 giving signs of a bearish movement especially after Draghi’s press conference as he announced to deliver easing rather than further cuts in interest rates. Speculations of more easing and breaking the major support point 1.1285 will extend the bearish trend near next support points 1.1245, 1.1215 and 1.1190.
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