In the coming week at the forefront of the Thursday's ECB meeting, which will be taken further solutions to boost the European economy. Investors are eagerly look forward to, a press conference by Mario Draghi in recent weeks clearly Mario Draghi hinted that the ECB may increase the scale of , and this option at the moment, is the most taken into account by investors. It does not appear that the President of the ECB presented a whole arsenal of what has, but the market has quietly hoping for a positive surprise. In the light of the coming of the facts, be prepared for a possible shock around the ECB and include this in their investment strategy.
The outlook for EUR / USD:
The currency pair is still under pressure due to fundamental data. However, considering the EUR / USD from the , we can see that is heavily sold out (interval 1D). In addition, the currency pair is near term support levels (zone 1,0460-1,0520) It may be suggestive of some stronger correction. Whereas Thursday's ECB meeting, I do not think the demand side was able to take the initiative by December 3, even if the data will be favored. Therefore I expect a possible reinforcement last week's bottom at 1.0565. The purpose of the supply should be this year's lows. Then the voice should reach the demand side and the defense aids, lead to greater correction.
Otherwise, if the demand (which currently lacks momentum), last week's break resistance (1.0690), we may be witnessing the development of a correction.