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Euro corrects lower ahead of ECB policy decision – EUR/USD Market Outlook – 10/12/2020


The Euro corrects lower below 1.21 ahead of the critical ECB monetary policy decision. The single currency bulls hope that the EU leaders will approve the stimulus deal at the Summit, which will pave the way for the flow of $2.2 trillion to help boosting the battered economy. Later on, we have the US inflation data which will also impact the overall market sentiment. We remain bullish for now, as we look to buy any dip towards 1.20 for a possible reversal higher.

Support: 1.2080 / 1.2040
Resistance: 1.2180/ 1.2250

SquaredFinancial Daily Market Outlook


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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/euro-corrects-lower-ahead-of-ecb-policy-decision-eur-usd-market-outlook-10-12-2020
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