The pair is trading below the 1.1415 ahead the ECB's monetary policy decision, to be made today. The central bank is expected to leave interest rates and the monetary policy unchanged, which will stimulate the demand for risk assets and the euro amid the hopeful outlook for the recovery fund and the possible early start of production of the coronavirus vaccine.
Trading recommendations: a breakout of the 1.1415b amid the optimism will result in further growth to 1.1500; Stop Loss for the local maximum; target levels:
Trading recommendations: a breakout of the 1.1415b amid the optimism will result in further growth to 1.1500; Stop Loss for the local maximum; target levels:
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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.