This article was first published on Orbex Forex Trading Blog.
This content is synced from the rightful owners. Copyright on text and images belong to the original source.
The euro currency is holding steady, rising to new three-month highs on Wednesday.
The gains come after the euro successfully broke past the 1.1132 level.
At the current pace, price could reach up to 1.1400 within a short span of time.
However, given the strong rally and little retracements, the currency pair is at risk of a correction.
A move lower will open the price level near 1.1132 and a break down below this price level then sees the euro falling further to 1.1000.
The ECB meeting will likely be the catalyst.
To keep reading this article, please navigate to: Orbex Forex Trading Blog.