ECB's de Guindos: Growth is positive but still very low | Metals Mine

  • ECB's de Guindos: Growth is positive but still very low

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Added at 1:05am

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ZforexCM
Nov 10, 2025 2:31am
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The euro slipped toward 1.1550 as traders favored the dollar on optimism over progress in ending the U.S. government shutdown.

ECB Vice President Luis de Guindos emphasized that eurozone growth remains weak but positive, and noted inflation should stay near 2 percent and that current rates are appropriate.

The combination of cautious ECB remarks and stronger U.S. sentiment kept the euro near monthly lows, with focus now on shutdown talks and upcoming U.S. inflation data.

Technical levels:
Support: 1.1490, then 1.1430
Resistance: 1.1600, then 1.1670

A break below 1.1490 could deepen losses, while a move above 1.1600 may trigger short-term buying.
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