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EUR/USD Ahead of ECB Decision
Hero Portfolio
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The EUR/USD pair trades above 1.1800 ahead of the ECB announcement, stabilizing after January’s peak at 1.2082.
Technical outlook:
Support around 1.1760-1.1770
Downside risks limited to 1.1700 and 1.1640
Bulls eye 1.1920 for a potential push toward 1.2000
Market reaction is expected to be muted, as the ECB is widely expected to keep rates steady.
#Forex #EURUSD #ECB #CurrencyMarkets #Trading
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central banks being boring sometimes is the hardest market to trade—nothing moves, everyone twiddles thumbs
