EUR/USD extended its weekly rally and touched its highest level since mid-March near 1.0950 on Wednesday.
EUR/USD moves sideways above 1.0900 following Wednesday's upsurge. ECB is widely expected to leave policy settings unchanged. ECB President Lagarde's comments on rate outlook could influence the Euro's valuation. The pair stays in a consolidation phase below this level as investors wait for the European Central Bank to announce monetary policy decisions. Euro PRICE This week The table below shows the percentage change of Euro against listed major currencies this week.
A reading above the market expectation could make it difficult for the USD to find demand, while a print below 220,000 could have the opposite impact on the USD valuation. EUR/USD Technical Analysis EUR/USD stays within the ascending regression channel coming from late June and the Relative Strength Index indicator on the 4-hour chart holds above 60, suggesting that the pair remains technically bullish. EUR/USD could face first resistance at 1.0950 before 1.0980 , 1.1000 and 1.1030 .
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