EUR/USD recovery from the major 1,1160 support, Draghi in focus

FXStreet The EUR/USD recovered from its days low, so that the important support in the vicinity of the 1,1160 successfully defended.

Currently, the trade takes place to 1,1185, so that the Couple could make the day’s high, while the USD experienced a moderate correction due to the subdued performance of the US Treasury bonds yields.

The recent upward movement can also, with the closure of Short positions in the key support together hanging out, while the investors on the ECB President Mario Draghi hearing before the Economic and Monetary Affairs Committee waiting.

EUR/USD other rank trade is likely — Commerzbank
GBP/USD in 3 months between 1.08 and 1.14 in – Danske Bank

Important Levels

Resistances can be found at 1,1190-1,1200, 1,1235 and 1,1265. On the other hand, supports are located at 1,1160, 1,1100, and 1,1075/70.

** FXStreet News Editorial, FXStreet**

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