Daily Strategy - Interest rates on focus and ECB to keep it unchanged this week.
EURUSD (1.2271)
Trend: Neutral/Downward
Support/Resistance: 1.2215 - 1.2350
This week the most important event is ECB Interest rates decision. It is widely expecting ECB to leave the interest rates unchanged. ECB probably will focus as a main reason to leave the interest rates at the current level of 0.00% the low inflation. The decision about interest rates in the Euro Zone is schedule for Thursday at 11:45 GMT.
On Monday there are many fundamental events from Euro Zone but the focus of these events probably will be temporary within 30-60 minutes.
The Dollar will continue to gain new pips against the Euro. The interest rates in United States will continue to rise while ECB will keep at the same level probably at least till the mid of the year.
Our trading strategy for today is to open short position at levels of about 1.2320 and gain 30-40 pips or hold for the week for higher gains.
EURUSD (1.2271)
Trend: Neutral/Downward
Support/Resistance: 1.2215 - 1.2350
This week the most important event is ECB Interest rates decision. It is widely expecting ECB to leave the interest rates unchanged. ECB probably will focus as a main reason to leave the interest rates at the current level of 0.00% the low inflation. The decision about interest rates in the Euro Zone is schedule for Thursday at 11:45 GMT.
On Monday there are many fundamental events from Euro Zone but the focus of these events probably will be temporary within 30-60 minutes.
The Dollar will continue to gain new pips against the Euro. The interest rates in United States will continue to rise while ECB will keep at the same level probably at least till the mid of the year.
Our trading strategy for today is to open short position at levels of about 1.2320 and gain 30-40 pips or hold for the week for higher gains.
