FX.co - Euro falls on expectations of lower ECB rates in September

2019-07-25T22:38:37

Relevance until2019-07-26

The ECB left rates unchanged. However, the euro sharply fell following the ECB's decision.

The market is widely awaiting a signal from ECB Head Draghi at 12:30 London time to reduce the deposit rate (it is currently -0.4%).

The euro is heading towards a large low of 1.1108 - if it breaks lower, the fall can accelerate strongly with targets down to 1.0500.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Jozef Kovach

FX.co ★ Euro falls on expectations of lower ECB rates in September