EURUSD higher on ECB rate decision

Euro dollar is moving higher after the ECB refrained from a 50bp cut and from a negative deposit rate.

The pair is rising towards 1.32. The cut of the marginal rate from 1.50 to 1.00 does not move the markets.

Mario Draghi is up next at 12:30 GMT explaining the decision. Follow a live blog of the press conference.

Update: Draghi hints about setting negative deposit rates, EUR/USD crashes.

[do action=”tradingviews” pair=”EURUSD” interval=”60″/]

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile

View all posts by Yohay Elam