FX.co ★ Burning forecast 06.07.2019 EURUSD

On Thursday, the main event of the week for the euro was held - the ECB meeting.

The ECB did almost everything to prevent the euro from rising: the ECB left rates at record lows. The head of the ECB said that the rate increase was postponed at least until mid-2020. In addition, members of the ECB discussed the option of lowering rates in the event of a deteriorating economy.

However, an attempt to reduce the euro at the ECB was immediately interrupted, and the euro closed the day at 1.1274

EURUSD maintains growth.

We keep buying from 1.1190 and from 1.1220

Possible purchases from 1.1240