EURUSD ANALYSIS ON H4 CHART.
Overall, EUR/USD is trending downwards. Recently, EUR/USD traded into the support zone of 1.10000.
The European Central Bank (ECB) held its monetary policy unchanged during its meeting yesterday. The central bank sent out a hawkish tone when it announced that it will speed up its QE tapering if the eurozone economic data warrants it to do so, potentially ending bond-buying during the third quarter of 2022.
Currently, EUR/USD is testing the support zone of 1.10000 and the next resistance zone is at 1.12000.
Look for short-term buying opportunities of EUR/USD if it bounces off the support zone of 1.10000.
The European Central Bank (ECB) held its monetary policy unchanged during its meeting yesterday. The central bank sent out a hawkish tone when it announced that it will speed up its QE tapering if the eurozone economic data warrants it to do so, potentially ending bond-buying during the third quarter of 2022.
Currently, EUR/USD is testing the support zone of 1.10000 and the next resistance zone is at 1.12000.
Look for short-term buying opportunities of EUR/USD if it bounces off the support zone of 1.10000.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.