Further downside on the EURUSD has been held at by the 0.99 price level, with recent price fluctuations between 0.99 and 1.0050.
With markets expecting the ECB to increase interest rates by 75bps (instead of 50bps as initially signaled) at the upcoming meeting on Thursday, the EURUSD could find further upside from this current support level.
Look for a hawkish statement to accompany the rate decision to drive the price of the EURUSD sustainably higher above parity and possibly towards the 1.009 resistance level.
With markets expecting the ECB to increase interest rates by 75bps (instead of 50bps as initially signaled) at the upcoming meeting on Thursday, the EURUSD could find further upside from this current support level.
Look for a hawkish statement to accompany the rate decision to drive the price of the EURUSD sustainably higher above parity and possibly towards the 1.009 resistance level.
