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1.21 Key Support for the EUR/USD Pair Ahead of the ECB
The EUR/USD pair trades without direction as it waits the ECB decision scheduled for Thursday. Bears attempted to push the pair below 1.21 twice this week, every time at the start of the London session. So far, they failed, but the pressure mounts for the level to give way. Brexit as well as the Recovery Fund are an issue as well. The ongoing negotiations between the United Kingdom and the European Union enter final stage and the Euro pairs are likely to react. Hungary and Poland’s veto of the Recovery Fund represents another reason to worry about the Euro as we head into the end of the trading year. Besides the ... (full story)