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EURUSD recovers from ECB drop and defends 1.13 handle

Unsurprisingly, ECB left key interest rates unchanged during today’s meeting. However, downbeat remarks concerning the economy from Mario Draghi caused EURUSD to drop sharply during post-meeting conference. Nevertheless, bears failed to break below the support zone ranging around 1.13 handle and a quick recovery occur later on.
Chart of the day - EURGBP (18.05.2022)
Economic calendar: Inflation from Canada, US housing market data
Morning wrap (18.05.2022)
Daily summary: Global stocks jump amid weaker dollar
Dollar with the longest series of declines since March 17, 2022