"ECB Maintains Rates, EUR/USD Stable Pre-Press Conference"

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Source: DailyFX
"ECB Maintains Rates, EUR/USD Stable Pre-Press Conference"
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TL;DR Summary

The European Central Bank (ECB) left interest rates unchanged but hinted at a potential rate cut in June, leading to speculation about further cuts in the near future. The EUR/USD pair remained steady ahead of the press conference, with markets pricing in a 25 basis point cut at the June meeting and an increased probability of an additional cut in July. The ECB's statement and market sentiment suggest a potential bearish outlook for the Euro, with support levels for the EUR/USD pair identified on the charts.

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