EUR/USD is losing ground as traders react to the ECB Interest Rate Decision. The European Central Bank raised the interest rate from 2.15% to 2.4%, in line with analyst consensus.
ECB noted that the war in the Middle East generated inflation pressures. According to ECB, headline inflation is expected to average 3.0% in 2026, 2.3% in 2027, and 2.0% in 2028.
Currently, EUR/USD is trying to settle below the support level at 1.1500 – 1.1515. In case this attempt is successful, EUR/USD will move towards the next support, which is located in the 1.1415 – 1.1430 range.
