EURUSD‬: ECB Meeting : Risk event - Central Focus tomorrow.

FX:EURUSD   Euro / U.S. Dollar
159 0 3
Market will pay all attention on ECB Meeting with a rate decision and press conference.
100% ECB will not deliver more easing. There is no more room for rate cut as well as QE . Indeed.
And the fact is EZ economic data performed very well from last meeting, so ECB has no reason to talk about more easing.
Likely it will be a non-event.
Since last meeting, EURUSD             rallied 1.08 to current level 1.1300: About 500 pips. Clearly, ECB doesn't like this rally, but ECB's members have no choice to prevent this.
In my opinion, BUY Euro             is a good choice.
But there is one case for Euro             fall.
If Mario Draghi's tone is so dovish, and signals for more easing, more measure. That will be different. Euro             will fall freely if this case occurs. However, I think there is 20% possibility.
1.1500 is my target for incoming ECB Meeting.


If you like my analysis, visit my page:https://goo.gl/zGH0RT
And my website :http://www.trackingforexsignals.com/
Free 1 month. You like, You subscribe.
More than 100 signal providers and +200 positions in Trading System. Track the best signals. No site has such feature around the world. Precise and Profitable.
- Trackingforexsignals - Think the right way
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out