EUR/USD: Two anchors for the euro: the inflation growth report in the eurozone and the ECB’s banking lending review
The inflation growth data in the eurozone published today failed to support the European currency. The ECB’s banking lending review only fueled the fire, putting additional pressure on EUR/USD. The euro weakened its position against the dollar, falling to the support level of 1.0960 (the middle line of the Bollinger Bands indicator on the daily […]