The EUR/USD pair gains ground around 1.1095 amid the softer US Dollar (USD) during the Asian trading hours on Monday.
EUR/USD trades on a stronger note near 1.1095 in Monday’s Asian session. The pair keeps the positive outlook above the 100-period EMA, with the bullish RSI indicator. The immediate resistance level emerges at the 1.1100-1.1105 region; the initial support level is located at 1.1072. The EUR/USD pair gains ground around 1.1095 amid the softer US Dollar during the Asian trading hours on Monday.
The ECB sets interest rates and manages monetary policy. 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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