EUR/USD: 1.1199 To Cap Into This Week's ECB
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
The ECB will announce the rate decision this week. Although we expect the ECB may keep the interest rate and monetary policy unchanged, it may keep its dovish policy stance and may announce to extend QE in September, which may undermine EUR.
EUR/USD may find resistance at 1.1199. The pair may range trade between 1.0782-1.1199, with downside bias.