EUR has been the best performer this week as Europe reopens and riots in USA and FED printing USD like there is no tomorrow, we see investors switching to EUR.
Today ECB announcement in an hour could provide the next trending move.
Currently price broke above 61.8% and now is at 1.12 waiting for ECB decision.
If Lagarde announces a hawkish tone with more stimulus for the economy, EUR should spike higher to 1.13 target.
But it depends on the press conference. Be mindful that high volatility is always present during data release by Central Banks and spreads get wider.
So the best scenario would be to see where the wind blows first before committing money to the trade.
Please support the idea and share your thoughts on EURUSD!
Good Luck and Stay Healthy!
Today ECB announcement in an hour could provide the next trending move.
Currently price broke above 61.8% and now is at 1.12 waiting for ECB decision.
If Lagarde announces a hawkish tone with more stimulus for the economy, EUR should spike higher to 1.13 target.
But it depends on the press conference. Be mindful that high volatility is always present during data release by Central Banks and spreads get wider.
So the best scenario would be to see where the wind blows first before committing money to the trade.
Please support the idea and share your thoughts on EURUSD!
Good Luck and Stay Healthy!