EURAUD: EURO at The Mercy of the ECB! Both Moves Are Possible!
Updated
EURAUD: EURO at The Mercy of the ECB
If the ECB today is hawkish during the monetary policy statement, we could see the EURO rise more.
However, I do not expect this move from the ECB, given that they did not support
the EURO at all when it moved below the parity price zone.
Scenario_1
ECB Hawkish -> EUR, GBP, and CHF will all rise against all the other currency pairs
Scenario_2
ECB Dovish -> EUR, GBP, and CHF will all fall against all the other currency pairs.
Thank you and Good Luck!
If the ECB today is hawkish during the monetary policy statement, we could see the EURO rise more.
However, I do not expect this move from the ECB, given that they did not support
the EURO at all when it moved below the parity price zone.
Scenario_1
ECB Hawkish -> EUR, GBP, and CHF will all rise against all the other currency pairs
Scenario_2
ECB Dovish -> EUR, GBP, and CHF will all fall against all the other currency pairs.
Thank you and Good Luck!
Trade closed: target reached
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