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EUR Will hit 1.11500 ECB Meeting Tomorrow. But What's Next?

Short
Euro / U.S. Dollar (FX:EURUSD)  
csohrab  
FX:EURUSD   Euro / U.S. Dollar
Fibonacci Trend Lines Moving Averages eurshort ecb ecbnews trend correction Harmonic Patterns waves takeprofit
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fibonacci trendline movingaverage eurshort ecb ecbnews trend correction harmonicpatterns waves takeprofit
EURUSD will make at least a 50% retracement at some point tomorrow 3/12/20. The ECB is expected to cut interest rates by .10% and possibly mention more stimulus. Look for EUR to tag 1.11500. The question is what will happen next? Price could bounce right back up in the descending channel and possibly break up past the channel and make another attempt at 1.15? or Will price head for the 61.8% retracement at 1.10500? Time will tell. The target for the short is 1.11500 (100+ pips).

I am not a financial advisor. This is not financial advice. This is for educational purposes only.
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