Mario Draghi, the President of the European
Central Bank (ECB) said in the press conference that they continued to expect
the interest rate to remain at present or lower levels for an extended period
of time.
QE would not stop unless the inflation rate could maintain at the
target levels.
Mario Draghi also said that no evidences could show the negative
rate was harmful to the net interest rate income of banks, which means the ECB
will remain the negative interest rate unchanged.
Support: at 1.1230 Resistance: at 1.1380. close
below 1.1230 will push it down towards 1.1150 else it can rally upto 1.1380.
More will update soon!!
