EUR/USD – Week 29 – ECB to impact the pair?
In our past analysis, we forecasted that EURUSD will start a small bullish move towards the resistance. Instead, the price ranged the entire week without any noticeable movement.
For this week, considering the fact that the ECB policymakers will meet and decide to keep the rates unchanged or not will, we expect the price to be bullish prior to the ECB meeting, followed by a price drop that could push the Euro towards the $1.17 low.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
For this week, considering the fact that the ECB policymakers will meet and decide to keep the rates unchanged or not will, we expect the price to be bullish prior to the ECB meeting, followed by a price drop that could push the Euro towards the $1.17 low.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
