Elliot_Myers

EUR/USD ECB Announcement Trade Set Up

FX:EURUSD   Euro / U.S. Dollar
Price action has broken the downward daily trend line which now becomes support. Price is bullish above the trend line and break of 38.2% Feb level and is likely to consolidate around 1.1 while markets wait for the ECB interest rate and monetary policy statement due Thursday.

A break to the up or downside is possible however my preference is towards a break down ( Elliott Wave ).

Be ready to turn into a bear or bull based on the news result, equally appealing trade opportunities should be available on both sides of the market.
ok let me know when it happens
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