EURUSD Chart Technical Outlook heads toward 1.0925 ahead of ECB meeting
EUR/USD’s broad bias is bullish. Prices have been printing higher highs and higher lows since mid-February. It traded in a bullish channel, with more room for the upside to complete a five-wave bullish move. It has a resistance at 1.0925. If broken, 1.0980 would be in play. Supports are located at 1.0850 and 1.0810.
The ECB is due today with an expected hold on interest rates. The new projections and President Lagarde’s speech will be in focus. Central banks have been fighting against early rate cuts recently. If she plays the same song, EUR would advance.
