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EURUSD Steady before ECB Conference | June 8, 2017



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Eurusd is trading on a range before vital ECB press conference. This pair is still below recent resistance level. We can get big movement on ECB interest rate announcement. So we need to be careful about our trading. We must use SL before big movement. 

As this pair is in full uptrend and so we can stay in bullish mode. Near-term support level lies at 1.1200. Above this level, this pair remains on the bullish bias. If it can be broken then we can get downfall on this pair. 

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