Hello traders,
European Central Bank (E.C.B.) is likely to overtake the Fed in terms of rate cuts today in later session. While the Fed has been seen as the global weathervane for monetary policy, the E.C.B. may take more aggressive steps to stimulate growth as pressures on the eurozone economy increase.
This CUTTING rate decision could make EURUSD turn down from this week. Check these charts:
Left daily chart, waiting for a fake breaking through signal or bearish confirming signal when EURUSD trying to retest the daily pressure zone.
On the right weekly chart, EURUSD is considered sideways price action in a downtrend channel. If ECB decides to cut rate today, it could make a reflection point on this channel and down to test low as the arrow.
GOOD LUCK ON THIS SELLING PLAN AFTER CONFIRMING ECB CUTTING RATE DECISION.
LESS IS MORE!
European Central Bank (E.C.B.) is likely to overtake the Fed in terms of rate cuts today in later session. While the Fed has been seen as the global weathervane for monetary policy, the E.C.B. may take more aggressive steps to stimulate growth as pressures on the eurozone economy increase.
This CUTTING rate decision could make EURUSD turn down from this week. Check these charts:
Left daily chart, waiting for a fake breaking through signal or bearish confirming signal when EURUSD trying to retest the daily pressure zone.
On the right weekly chart, EURUSD is considered sideways price action in a downtrend channel. If ECB decides to cut rate today, it could make a reflection point on this channel and down to test low as the arrow.
GOOD LUCK ON THIS SELLING PLAN AFTER CONFIRMING ECB CUTTING RATE DECISION.
LESS IS MORE!
Trade chiuso: obiettivo raggiunto
Nota
the downtrend channel for EU is still working.
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Join Free Telegram Group to get all the updates: t.me/FuntraderVera
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.