For the past week, I have been stressing on the importance of the 0.99 support level in Euro and why Euro will regain parity again. As you can see, EURUSD is above 1.0 as predicted. So, has EUR/USD finally reversed? In my opinion, today's ECB meeting will be the deal maker for the Euro as traders are waiting for some clarity.
That being said, I think EUR/USD will eventually be above 1.04 in the coming 6-7 weeks. It would be a wise approach not to place any new trades ahead of ECB meeting. However, if price dips to the 0.9920 level during the meeting, I would be looking to buy again as I have done multiple times in the last week.
That being said, I think EUR/USD will eventually be above 1.04 in the coming 6-7 weeks. It would be a wise approach not to place any new trades ahead of ECB meeting. However, if price dips to the 0.9920 level during the meeting, I would be looking to buy again as I have done multiple times in the last week.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.