EUR/USD in overbought zone ahead of ECB rate decision

The EUR/USD is little changed as the market waits for the outcome of Brexit talks between Boris Johnson and European leaders. It is also reacting to the GDP data released yesterday ahead of the European Central Bank (ECB) decision. Brexit has been the main catalyst for the EUR/USD pair in the past few days. That’s after the ongoing differences between the European Union (EU) and the United Kingdom (UK) escalated this week. Therefore, focus will be on Boris Johnson, who will hold a meeting with EU leaders, including Ursula von der Leyen later today. This meeting will be the last-ditch effort to have a deal and … (full story)

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