EUR: beating the USD so far
Thursday ended with the EUR/USD being high above of local resistance of 1.10. What's the target now?
The new stimulus for the euro? Mario Draghi sent EUR/USD lower on the dovish hints.
During today’s speech, the ECB President Mario Draghi made remarks on using a rate cut as a primary tool for an economic stimulus.
On the H4, EUR/USD fell to the support at 1.1179 during the European trading hours. At the moment, the pair is correcting to the upside. The first resistance is placed at 1.1211. If the positive momentum is short-lived, the pair will break the 1.1179 level and try to test the support at 1.1165.
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Main market movements on August 11
The market sentiment improved after the USA reported some decreasing in coronavirus hospitalizations. Gold dropped below $2 000 and the US dollar dipped down, while stocks surged. Let’s have a closer look.
All attention to NZD
The RBNZ will make the monetary policy statement on August 12 at 5:00 MT time!
What drives the market on August 10?
The market has started the week with a mixed sentiment…
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