EUR/USD CATCHES FRESH BID, ATTEMPTS BREAK ABOVE 5-DMA

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The bid tone around EUR gathered pace in Asia, pushing EUR/USD higher to 5-DMA level of 1.0644. 

Eyes ECB rate decision

The European Central Bank (ECB) is expected to keep the key rates unchanged. Taper talk remains a taboo; however, the probability of Draghi talking up Euro is high given the sharp rise in inflation in recent days. 

The Dollar side of the story could be influenced by the weekly US initial jobless claims number and monthly housing starts and building permits data.

Our Recommendation:
SELL EURUSD 1.0685 TARGETS 1.0665 1.0640 STOPLOSS 1.0715

Follow Up:
OUR ALL TARGET HAS HIT IN EURUSD 1.0640 KINDLY BOOK FULL PROFIT IN IT.
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