ECB leaves key rates unchanged. The EURUSD tracks moving average resistance today.
Written July 2, 2009 at 7:50 AM EST by Greg Michalowski
Trichet will speak at 8:30 AM at his normal press conference. Comments on the economy, on the liquidity measure which added funds to the banking system for a year and feelings on things like debt burden will likely be discussed.
The EURUSD has been tracking the 100 bar MA on the 5 minute chart. The current level comes in at 1.4097. The trendline has been tested on 4 separate occasions.
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