Market participants mainly gave a negative response to the ECB meeting results and the regulator's decision on the interest rate in particular. That is why the EUR/USD pair lost ground. It may try to test the daily sell-side liquidity pool at 1.1040 and the 4 hour chart sell-side liquidity pool at 1.1036. There is a probability that fiber will retrace to test the fair value gap, especially the main threshold at 1.1070. However, unless the pair does not edge higher and close above 1.1118, the sell-side liquidity pool can be tested.
(Disclaimer)
The material has been provided by InstaForex Company - www.instaforex.com