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.