FX.co ★ Euro rises after ECB meeting

The ECB decided to keep all its stimulus measures on its meeting held on Thursday, September 10, 2020. Meanwhile, a weak recovery in some parts of Europe is observed and signs of a potential second wave of the pandemic particularly arise in both Spain and France.

After the ECB meeting, the euro began to rally and is now in a critical situation. Thus, the question arises whether the euro will manage to break the level of 1.1900 and gain a foothold above.

You may consider buying from 1.1850 with a stop at 1.1805. It is also possible to move the stop to 1.1825.

In case of a complete downward reversal, you may consider selling from 1.1750.