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fxJun 11, 2026, 3:27 AM

EUR/USD Edges Higher Near 1.1550 as ECB Decision Looms

The EUR/USD pair trades slightly higher around 1.1550 in Asian trading, with the euro gaining ahead of the ECB policy announcement. Technical indicators show a bearish tone from the downward-sloping 20-day EMA.

EURUSD

The EUR/USD pair is trading slightly higher near the 1.1550 level during the Asian session on Thursday, as the euro edges up ahead of the European Central Bank's monetary policy decision due at 12:15 GMT.

Technical analysis indicates a bearish tone, with the 20-day exponential moving average (EMA) sloping downward, suggesting continued pressure on the pair. Traders are awaiting the ECB announcement for further directional cues.

No other major data or events are influencing the pair at this time.

Source: FXStreet Forex News