Ahead of ECB interest rate decisions coming up later today, price is trading around 0.8552. The European Central Bank may not increase the interest rate so as to keep up with the supply of the currency.
Technically, price formed a falling wedge and found a support yesterday at daily timeframe neckline and May breakout of that zone for further bearish move .
Technically, price formed a falling wedge and found a support yesterday at daily timeframe neckline and May breakout of that zone for further bearish move .
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.