ECB meets today and, even though they may not like euro appreciation, they can't do much about it because it's a function of economic recovery in Europe relative to other regions. Any short-term weakness will likely be seen as a buying opportunity.

EUR/USD is trading just below 1.20 as we head towards the decision. 1.18 - 1.1825 is the first stronger support before 1.1650 - 1.17. On the topside, August high (1.2075) is the initial target before 50% retracement of the 2014 - 2016 decline (1.2160).

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