EUR/USD steady into Europe..

Author: Pete Jackson | Category: News

Little to report  after a  miniscule range in Asia,  as the market awaits the ECB rate decision (expected unchanged) at 1245 GMT.

There are bids  from 1.3020 layered down to 1.2990 (55 day MA 1.2994) with reported sell stops through 1.2980. Topside offers start from  1.3055/70 (100 hr MA 1.3070) with larger up at 1.3090/00 (kijun line 1.3092). Possible buy stops just above ahead of  more offers up at  1.3130/40.

Focus will be on  Draghi’s comments  at 1330 GMT following the rate decision for possible signs that the easing cycle is over.

EUR/USD’s currently trading around 1.3057