The EURUSD declined in Wednesday’s European session, as investors anticipate the European Central Bank’s April monetary policy statement ahead of an active New York session.
The EURUSD tumbled 0.45 percent to 1.0606, after testing the 1.07 line on Tuesday. The pair faces initial support at 1.0556 and resistance at 1.0732. The EURUSD is on the road to parity, although most analysts expect that path to be choppy.
The ECB will issue its rate statement at 11:45 GMT.