FX:EURUSD   Euro / U.S. Dollar
So as most of you already know it is March The 10Th Which is the date where The ECB come out and speak about Monetary easing, Inflation and Rate cut

What am i expecting ?
Well as a mainly technical trader it is in my job description as a full time trader to look at Both technical and fundamental in the market.

After heavy research into the Fundamental side of things i Believe They will launch a round of Monetary easing or Deploy a Rate cut
Why do i think this ?

Well Firstly We all have to look at the bigger picture how is the economy doing ?
Not so good Top two economies are declining (US and Chinese)
In regards to the EUROZONE it is looking even worse especially as many of the countries in the EU need bailouts and are suffering from current economic situations E.G. Greece Italy             Ireland All of which are in the euro             and are in great trouble

Anyways many Investors predict a huge sell of for the Euro             as many believe they may be willing to bring out the big News and expand its aggressive quantitative-easing program, introduce a two-tiered deposit system and offer cheap loans to banks.
If so then expect a huge decline in the Euros currency as
There is a huge imbalance in the Euro             at the moment

The question why are the ECB doing this well they are taking any drastic measurer to boost eurozone economy and like the ECB boss, Mario Draghi who said the central bank was “ready to do its part” to boost growth and inflation .
Fading growth and inflation prospects will force the European Central Bank to review its policy stance And make a change to hellp its growth which of course is its main problem

inflation prospects have turned for the worse, raising a credibility issue for a bank that has undershot inflation for three straight years.
Which is a big worry

So when you put all these factors in based of Fundamentals what does it mean well really nothing until draghi comes out and says it himself and launches Monetary easing or Rate cut's
But if they do decide to go ahead with it expect a huge sell of :) For all EURO             pairs

What do i See based on Technicals ?

Well a good thing that supports the sell of is we are below a key level of 1.1000 which is also a nice round number physiological Levels ;)
Also after the big rally In February we have almost completely corrected ourself
which many traders didn't believe would happen as many thought we would break the consolidation zone we have been stuck in after such a nice bullish move
But once again with the EUR/USD             price is undecided

We seem to be bounce of our key level which also helps in a bias to the downside
This is my view on the EurUsd            
trade safe guys
News is very unpredictable expect the worse
and i hope i didnt bore you to much lol
Thanks for reading happy trading lets make some pips !
Comment: Knowledge pays
Made 1200 Pips in A day Thank you Draghi :)
Trade closed: target reached: Made a nice gain of 250 pips on EUR/USD
made 1200 Across all the other EUR Pairs

Glad to be out Before that huge reversal :)
albert.callisto halimbashery235
Conclusion: never trade the news
you wrote people to wait huge sell off here and it did you make the profit?
+1 Reply
ARFXC roadtogo
did you not see that huge wick ? anyone in there right mind would close once your in 250+ pips with a news trade if you would like proof of 1200 pips profit ill be more then happily show you :)
im also in profit and rather wanna see my sheet:) but I did kinda accidentally..I guess same happened to you.. i saw many times a huge wick, then consequent wicks repeating same price action..
Completely agree, plus a head and shoulders pattern in there? :D
alvaro.gluckmann.7 alvaro.gluckmann.7
hahahahaa.... Holalaa! This is the FX market - The place for crazy moves!
They have played out almost everybody....
I knew this is going to happen...
+1 Reply
ARFXC chartwatchers
I made my profit so im just watching with my popcorn :)
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