DAILY NEWS ANALYSIS EUR/USD: INCHES UP AHEAD OF DRAGHI SPEECH

The Euro inched up on Wednesday halting a three-day losing streak, ahead of a key interest rate decision by the Bank of England and a closely watched speech by European Central Bank president Mario Draghi. Euro traded at 1.0880, up 0.50%.

Technically: The EURUSD pair trades positively now to approach from testing the resistance level at 1.0915, which might push the price to bounce bearishly and head towards testing the key support 1.0750, we will continue with our neutrality as long as the price is between the above mentioned levels, waiting to breach one of them to detect the next targets clearly.

Recommendations: There is no clear entry point for the market right now. (Chart Timing: 1 hour)

Pivot, support and resistance levels

Pivot level 1.0880 Resistance levels 1.0930 1.0980 1.1060 Support levels 1.0800 1.0740 1. 0680