EUR / USD remains at the 1.1835 zone after the ECB and before Lagarde

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  • Euro rises against the dollar, falls against GBP and CHF after ECB.
  • The central bank gave no surprises by reducing the pace of PEPP purchases.
  • The dollar continues to weaken in the market, supporting the EUR / USD.

The EUR / USD set new daily highs in the 1.1840 zone after the decision of the European Central Bank, which did not generate any major surprises. Despite advancing against the dollar, the euro fell against the pound and the Swiss franc.

The ECB kept benchmark interest rates unchanged, as expected. He announced a reduction in the pace of purchases in the pandemic emergency purchase program (PEPP), something that analysts also saw likely.

At 12:30 GMT the press conference of Christine Lagarde will begin. His words could generate noise on the crosses of the euro. At the same time, in the US the weekly report of requests for unemployment benefits will be published.

EUR / USD maintains a bullish intraday tone, in the zone of 1.1835, mainly supported by the weakness of the dollar. The greenback cuts a three-day streak of rises and is affected by a slight drop in Treasury yields.

Technical levels

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