ECB On Monetary Policy & Inflation
Updated
Tonight, we have ECB President Draghi speaking on the monetary policy and inflation.
Expectation for the ECB to present statements regarding the end of Quantitative Easing program and the subsequent steps.
This could bring the EURUSD lower, with a move for higher prices capped by the 1.2350 resistance level.
If the EURUSD moves lower, I’ll be looking for support at 1.2250.
Expectation for the ECB to present statements regarding the end of Quantitative Easing program and the subsequent steps.
This could bring the EURUSD lower, with a move for higher prices capped by the 1.2350 resistance level.
If the EURUSD moves lower, I’ll be looking for support at 1.2250.
Trade closed manually
price reacting to 1.2290 support
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