The European Central Bank held its monetary policy meeting yesterday. As widely expected, the central bank said that interest rates would remain low well into 2020. However, the central bank also said that rates could be lowered even more if required. The comments come in the backdrop of the recent inflation report which saw consumer prices easing back stronger than expected.
EURUSD Closes Above 1.1250
The EURUSD currency pair was seen trading volatile on Thursday. But price managed to close on a bullish note above the 1.1250 handle on a daily basis. The current retracement from the highs could see the common currency testing the support at 1.1250. As long as this support holds, the currency pair could be eyeing further gains. The price will need to clear the initial highs at 1.1292 followed by a move to 1.1319.
