MTradingGlobal

EURUSD sellers have smooth sailing ahead of ECB

Короткая
FX:EURUSD   Евро / Доллар США
Market’s surprise reaction to the hawkish Fed decisions keeps EURUSD traders cautious inside a short-term symmetrical triangle ahead of the ECB monetary policy meeting. Given the dovish expectations from the European Central Bank (ECB), EURUSD is likely to refresh the yearly low. In doing so, the quote needs a clear downside break of a three-week-old support line, near 1.1255 by the press time. Following that, the March 2020 high near 1.1150 and the 61.8% Fibonacci Expansion (FE) of November’s moves, near 1.1120, should lure the bears before directing them, to the 1.1000 psychological magnet.

Meanwhile, the stated triangle’s resistance line restricts short-term EURUSD advances below the 1.1300 threshold. Adding to the upside filters is the 200-SMA level of 1.1370. In a case where the quote rallies past 1.1370, 1.1460 and 1.1510 are likely to return to the chart. To sum up, EURUSD bears await the ECB to react more strongly to the hawkish Fed.

Отказ от ответственности

Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.