ECB Leaves the Main Refinancing Rate Unchanged - Any move in Euro? - Forex News by FX Leaders

ECB Leaves the Main Refinancing Rate Unchanged – Any move in Euro?

Posted Thursday, October 25, 2018 by
Arslan Butt • 1 min read

Fellas, the European Central Bank just left its interest rates unchanged at 0.00% as expected. As discussed earlier in the morning brief, the market hasn’t moved much. The EUR/USD is standing still at $1.1405 with an immediate resistance at $1.1420 and support near $1.1390. Let’s wait for the breakout.

Heads Up: ECB Press Conference is due in 45 mins. We may see some movement in the Euro pairs!

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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