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EUR/USD retreats below 1.0200

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The resistance of the 1.2070/1.2080 zone managed to hold and cause a decline, which eventually resulted in the EUR/USD declining below the 1.0200 mark.

In general, on Thursday, technical analysis is set to be worthless, as today at 12:15 GMT the European Central Bank is set to hike its base interest rate and make a monetary policy statement. The Euro is set to be highly volatile.

In the meantime, take into account that the 1.0300 mark might act as resistance in the aftermath of high volatility. Meanwhile, round exchange rate levels like the 1.0150 and 1.0100 could provide support.
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