The EUR/USD pair trades on a stronger note around 1.0818 on Wednesday during the early European session.
EUR/USD drifts higher to 1.0818 on Wednesday. The constructive outlook remains intact above the 100-EMA, with a bullish RSI, The first upside barrier is seen at 1.0843, initial support level is located at 1.0800-1.0810 regions. TheEUR/USD pairtrades on a stronger note around 1.0818 on Wednesday during the early European session. The modest uptickof the pair is bolstered by the weaker Greenback The US Consumer Price Index inflation data on Thursday will be the highlights for this week.
The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year.
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