FX.co ★ EUR/USD advances after ECB decision

EUR/USD

The Euroipean Central Bank (ECB) decided to boost its Pandemic Emergency Purchase Programme (PEPP) by €500 billion to €1,850 billion until March 2021.

The regulator's decision to expanded the program came as a result of an alarming coronavirus situation in Europe.

The euro is moving upward.

Long and short positions are from 1.2150 and 1.2058, respectively.