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Apr 14 - 02:55 AM

EUR/USD - ECB Inspired EUR/USD Bounce Is Probably The Time To Sell

By Jeremy Boulton  —  Apr 14 - 02:30 AM
  • ECB to maintain optionality, flexibility, High inflation main worry

  • More definite schedule for stimulus rollback possible nL3N2WB25O

  • Decision at 1145 GMT, news conference at 1230 GMT

  • Ahead meet EUR/USD rallied from near oversold position 1.0809-1.1918 EBS

  • Expect top near Apr 5/11 highs 1.0988/1.0955 and mid 20-day BB 1.0973

  • Min tech correction for April 1.1118-1.0809 drop is 1.0953

  • Odds are stacked in favour of a big EUR/USD drop nL2N2WB0GG


EUR/USD Click here

Source:
Refinitiv IFR Research/Market Commentary

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