Euro Technical Analysis: EUR/USD, EUR/JPY Battle at Big Resistance
2020-12-13 00:00:00
James Stanley,
Senior Strategist
Euro Technical Analysis: EUR/USD, EUR/JPY Battle at Big Resistance
The Euro was in the spotlight for Thursday’s ECB rate decision. But both EUR/USD and EUR/JPY put in Dojis for the week after running into big areas of resistance.
Euro Technical Analysis: Mixed (See below)
This week brought the widely-watched ECB rate decision along with the expected increase in stimulus.
Despite that additional stimulus announcement, the Euro gained in the immediate aftermath of the ECB. Those gains were unable to hold, and prices pulled back ahead of the weekly close.
Euro Post-ECB: EUR/USD, EUR/JPY Tangle with Big Resistance
2020-12-10 16:00:00
James Stanley,
Senior Strategist
Euro Talking Points:
EUR/USD pushed up to find resistance again at a key Fibonacci level on the heels of this morning’s statement/press conference.
The analysis contained in article relies on price action and chart formations. To learn more about price action or chart patterns, check out our DailyFX Education section.
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This morning marked the announcement of the December ECB rate decision and there was little surprise as the European Central Bank extended their QE program, as was widely-expected. As discussed by Justin McQueen earlier this morning, the single currency rose on the announcement, hinting that what was announced was already well priced-in ahead of time.