Thursday’s ECB policy decision
According to ING, there will be a sharp Euro reaction to Thursday’s ECB policy decision, especially with markets split on whether rates will be increased again. looking forward to have the news released, we anticipated the market to have ranging trend until the time is out.
On A weekly chart, the market has failed to break the support level (1.06613) twice, thus looking forward to have bullish trend.
On A weekly chart, the market has failed to break the support level (1.06613) twice, thus looking forward to have bullish trend.
Note
Moving to Lower time frame 4H, the market is in a consolidation state because of the awaiting ECB news. according to my strategy, no signal or clear entry level.Note
after the news, the EUR has lost it's value against the dollar. The market bis in bearish now.
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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.