Sforex

EURUSD: ECB Meeting is the central focus this week.

Short
FX:EURUSD   Euro / U.S. Dollar
3
EURUSD‬ still stands firmly on 23.6% fib retracement : 1.1245

And below the support 1.1325

Next week is an very important week for Euro with ECB Meeting having a press conference.

100% there is no more easing from ECB, so we watch Draghi's comments.

Key point: does he suggest more easing or refuses to talk about it ?

If he suggests new easing, SELL Euro

On the other hand, he refuses to talk about easing, BUY Euro.

However, we don't exclude more dovish tone of ECB's Draghi.

And market could respond strongly with more dovish tone.

I think the SELL is more brighter than the BUY.

I maintain bearish bias for Euro to 1.1150 where Kumo cloud there.



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