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EUR/USD dependent on ECB meeting
EUR/USD has continued to fall, pushing below support at $1.1514. However, we still need to see a break of $1.1442 to really put a bearish spin on things.
Otherwise the sequence of higher highs remains intact. Today’s European Central Bank (ECB) meeting should produce more volatility here, so traders need to be prepared for this. A push back above $1.1540 would suggest another attempt to hit $1.16 is in the offing.