EURUSD Chart Technical Outlook trades north ahead of the ECB meeting, fading dips are favored
EUR/USD exceeded the previous month’s high before the Thursday ECB meeting. Markets fully priced the 25 bps rate cut. Investors will eye the bank’s new forecasts and President Christine Lagarde’s speech for clues on the next moves. Recent comments from the ECB’s officials pushed against back-to-back cuts. The US JOLTS job Openings are on the watchlist today.
I expect a corrective pullback, but the dip can find buyers to bounce higher. Supports are located at 1.0880-60. Resistances are seen at 1.0915-40.
