Euro is showing some sort of resilience and denial to go down easily, until ECB actually does something. Traders and investors', trading and shorting Euro, while joyful that European Central Bank (ECB) might deliver bigger than expected, at the same time worried over heavily one sided positioning for the meeting. Even profit booking move could be large.
Let's look at key resistances and supports -
Euro/Dollar - Currently trading at 1.063. Key support is at 1.053, 1.048 and resistances - 1.069, 1.069
Euro/Pound - Currently trading at 0.704. Key support is at 0.694, 0.69 and resistances - 0.72, 0.75
Euro/Yen - Currently trading at 130.5. Key support is at 127, 125 and resistances - 132, 133.5
Euro/Aussie - Currently trading at 1.452. Key support is at 1.43, 1.39 and resistances - 1.47, 1.483
Euro/Kiwi - Currently trading at 1.591. Key support is at 1.563, 1.496 and resistances - 1.624, 1.656
Euro/loonie - Currently trading at 1.418. Key support is at 1.395, 1.375 and resistances - 1.428, 1.435
Euro/Franc - Currently trading at 1.09. Key support is at 1.07, 1.042 and resistances - 1.104


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