Lagarde adds to the Euro dovishness

Bank notes of different currencies

ECB President Christine Lagarde spoke earlier in front of the European Parliament and told members “Accommodative monetary policy stance remains essential!”  In the charts today,  EUR/USD is testing  a confluence of resistance between 1.2050 and 1.2090. 

Given the technical and Christine Lagarde’s dovishness, watch for bears to enter the market near current levels and look to test Fridays lows.

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Related tags: EUR Forex Lagarde

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