LeoPrime Daily Market Analysis

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EURUSD holding at 1.12800

The high today extends to 1.1274 with the low at 1.1256, a mere 18 pips range so far. Buyers are still in near-term control (price holds above key hourly moving averages) but there isn’t much real conviction to chase a move towards the 1.1300 handle for the time being.

ECB Interest Rate Decision is announced by the European Central Bank is unchanged as expected. As it stands, resistance region around 1.1270-85 is proving to be enough to keep the upside in the pair limited ahead of Brexit extension headlines, US CPI and the FOMC meeting minutes release later today.

EURUSD TODAY:
Daily open: 1.12613
Daily Last high: 1.12813
Daily Last Low: 1.12554
Daily current growth: +0.14%

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