{"id":143077,"date":"2019-03-06T07:40:43","date_gmt":"2019-03-06T12:40:43","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=143077"},"modified":"2019-03-06T06:49:41","modified_gmt":"2019-03-06T11:49:41","slug":"eurusd-euro-under-pressure-ahead-of-the-ecb-meeting","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/03\/eurusd-euro-under-pressure-ahead-of-the-ecb-meeting\/","title":{"rendered":"EURUSD: euro under pressure ahead of the ECB meeting"},"content":{"rendered":"
March 6, 2019<\/div>
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By Matthew Anthony, Alpari<\/strong><\/p>\n

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Previous:<\/em><\/strong><\/p>\n

On Tuesday the 5th<\/sup> of March, trading on the euro closed down. The rebound from 1.1316 didn\u2019t come to pass. The bulls defended 1.1320 for 6 hours before giving way. The pair then dropped to 1.1290. The euro slid against the dollar on the back of positive US data (ISM non-manufacturing index and new home sales).<\/p>\n

At the beginning of the European session, the euro was bought up on the crosses by day traders, but this wasn\u2019t enough to prop up the support at 1.1320 on the EURUSD pair. The downside pressure from a broadly stronger US dollar proved too much. Later, rumours started circulating about another round of TLTROs from the ECB in an attempt to address slowed economic growth. This heaped added pressure on the euro towards the end of the day.<\/p>\n

Day\u2019s news (GMT+3):<\/em><\/strong><\/p>\n