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ECB’s Monetary Policy Unchanged; Interest Rates to Stay at Present Levels

by on August 7, 2014 2:05 pm BST
 

The euro traded at $1.3379 at 12:41 PM GMT time after sliding to $1.3333 yesterday, the weakest level since 8th of Nov.

EURUSD was little changed after the ECB kept its monetary policy unchanged while President Mario Draghi said interest rates will stay at present levels for an extended period.

The euro-area recovery is moderate and uneven, and inflation expectations remain firmly anchored, Draghi told reporters in Frankfurt.

EURJPY strengthened less than 0.2 percent 136.85.
USDGPY weakened 0.2 percent to 102.29.
 

EURUSD Pivot Levels Pivot Woodie Fibonacci
Resistance 3 1.3456 1.3462 1.3422
Resistance 2 1.3422 1.3425 1.3401
Resistance 1 1.3401 1.3407 1.3388
Pivot 1.3367 1.337 1.3367
Support 1 1.3346 1.3352 1.3346
Support 2 1.3312 1.3315 1.3333
Support 3 1.3291 1.3297 1.3312