The Euro continues its decline against the US Dollar .
The European holds in meeting on Thursday and is expected to keep the interest rate unchanged. However, there is a chance that the regulator will expand its stimulus that will lead to further weakening in the Euro .
The US Dollar , on its part, was supported by data on the Consumer Price Index, which grew by 0.3% in September from a month earlier. Over the past year, accelerated by 1.5%. The pressure raises the likelihood of an interest rate increase this year.
Support and resistance
The nearest is at 1.0694.
The nearest is at 1.1025.
Short positions can be opened from the level of 1.0964 with the target at 1.0950 and stop-loss at 1.1000.