FxGrow Daily Technical Analysis – 31st May, 2016
By FxGrow Research & Analysis Team
The EURUSD rebounded ahead of ECB meeting
The EURUSD gains and reached 1.1155 after touching 1.1098 low ahead of European Central Bank (ECB) meeting due on Thursday. The Eurozone inflation report (CPI) will give signs of how the ECB is going to react regarding monetary stimulus program, and a reversal in ECB monetary policy will push the Euro higher and breaking the resistance point 1.1170 might create a bullish wave and expand its gains to touch 1.1200, 1.1215 and 1.1235 respectively.
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