Currency Majors Technical Perspective

EUR/USD Current price: 1.3405 View Live Chart for the EUR/USD Source: Visual Chart EUR/USD trades directionless ahead of the ECB rate call, which is expected to lower rated by another 25bp this month to 1%. While a rate cut may damage the Euro initially, key level of support at 1.3320 will most likely see bid emerging as traders remain non committal ahead of the bigger EU summit risk event. On the upside, 1.3420 up to 1.3450 continues to act as strong area of supply. Support levels: 1.3400

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