Key Levels for the EUR/USD Today - Forex News by FX Leaders
ECB Day

Key Levels for the EUR/USD Today

Posted Thursday, April 4, 2019 by
Rowan Crosby • 1 min read

The EUR/USD is in for a busy session, however, we could very well expect it to have a bit of a slow start. The reason of course, is that we will get the ECB Meeting Minutes later in the European session, which will likely cause some tightish ranges early on.
The ECB’s March meeting minutes are unlikely to give all that much away. However, if they do come back with a further dovish tone, we would likely see the Euro push beneath the 2019 lows around the $1.1174 mark and importantly below $1.1200.
Price has really rallied off that level recently, but that has been more the fact that we’ve had quite a bit of weakness in the USD. Particularly in the last 24 hours or so.

SupportResistance
S1/R11.12001.1250
S2/R21.11741.1300
S3/R31.11501.1333

I’ll have a more detailed look at the ECB Minutes in the Signals Brief out later today prior to the European session open.

EUR/USD
EUR/USD – 240min.
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About the author

Rowan Crosby // Asia-Pacific Analyst
Rowan Crosby is a professional futures trader from Sydney, Australia. Rowan has extensive experience trading commodities, bonds and equity futures in the Asian, European and US markets. Rowan holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.
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