Euro Maintains Steady Gains Ahead Of ECB Meeting


The euro currency is holding steady, rising to new three-month highs on Wednesday.

The gains come after the euro successfully broke past the 1.1132 level.

At the current pace, price could reach up to 1.1400 within a short span of time.

However, given the strong rally and little retracements, the currency pair is at risk of a correction.

A move lower will open the price level near 1.1132 and a break down below this price level then sees the euro falling further to 1.1000.

The ECB meeting will likely be the catalyst.

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“John Benjamin Resident Analyst at Orbex. John has over 8 years of experience specializing in the currency markets, tracking the macroeconomic and geopolitical developments shaping the financial markets. John applies a mix of fundamental and technical analysis and has a special interest in inter-market analysis and global politics.” [space height="10"] At Orbex, we are dedicated to serving our clients responsibly with the latest innovations in forex tools and resources to assist you in trading. Please Director at Visit our site for more details.

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