Overall, EUR/USD is ranging across. Recently, EUR/USD broke the resistance zone of 1.12.
The European Central Bank (ECB) will be announcing their monetary policy decision later at 2045 (GMT+8). The central bank is expected to keep its monetary policy unchanged during the meeting. Nonetheless, with the ever-rising inflation in the eurozone, pay attention to whether the ECB has adjusted its view on the interest rate hike timeline.
A press conference will also be held later at 2130 (GMT+8). During this time, expect volatility in EUR.
Currently, EUR/USD is bouncing down from the key level of 1.13. Its next support zone is at 1.12000 and the next resistance zone is at 1.13800.
Look for short-term selling opportunities of EUR/USD.
The European Central Bank (ECB) will be announcing their monetary policy decision later at 2045 (GMT+8). The central bank is expected to keep its monetary policy unchanged during the meeting. Nonetheless, with the ever-rising inflation in the eurozone, pay attention to whether the ECB has adjusted its view on the interest rate hike timeline.
A press conference will also be held later at 2130 (GMT+8). During this time, expect volatility in EUR.
Currently, EUR/USD is bouncing down from the key level of 1.13. Its next support zone is at 1.12000 and the next resistance zone is at 1.13800.
Look for short-term selling opportunities of EUR/USD.
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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.
Join my mailing list jindaotai.com/joinme
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.