KQMarkets

EURUSD - Still Neutral Pre ECB/ US Inflation

FOREXCOM:EURUSD   Euro / U.S. Dollar
We still see EURUSD moving higher whilst it remains above support at 1.2144 as we await the ECB rate decision and US inflation data tomorrow. An unexpected policy shift by the ECB or if US inflation data is significantly different than expected could lead to a large amount of volatility for the currency pair. A consolidation below support at 1.2144 could lead to EURUSD breaking it's uptrend from Mar 20 lows.