Announces some new measure for business relief
The ECB kept rates unchanged but did announce a rise in the monthly bond purchases by 120B, that additional LTROs will be conducted to provide immediate liquidity, and says considerably more favorable terms will be applied during period from June 2020 to June 2021.
The EURUSD has moved higher after the news and approaches the topside trend line. The question is "Is it enough?". So far traders are leaning against the topside trend line. That keeps the sellers more in control.
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