EUR/USD likely poised for further breakdown on dollar rebound
Last Update 10:00 AM
After the strongest growth observed since last Friday, when disappointing data on inflation in the US were published, yesterday the EUR/USD pair was declining. Its decline was mainly due to profit taking in long positions on the eve of today's ECB meeting. With the opening of today's trading day, the pair EUR/USD is trading in the range near the level of 1.1520. The further dynamics of the pair will directly depend on today's decisions of the ECB and comments of ECB President Mario Draghi.