JinDao_Tai

EUR/USD Outlook (18 April 2022)

Short
FX:EURUSD   Euro / U.S. Dollar
EUR/USD trading below 1.0850 level, due to the ECB disappointing markets with a go-slow approach.

Choosing to hold off on any policy adjustments (contrary to other central bank's more aggressive approach) the EUR/USD sold off from Thursday, following the ECB press conference.

As the 1.0850 resistance level holds, look for more selling opportunities from 1.0794 towards 1.0700

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