EUR/USD : The thresholds to watch for at the ECB’s announcements this afternoon




The pair EUR/USD could strongly react on Forex following the announcements of the ECB.

In effect, the ECB is expected to announce today its new plan to buy assets from January 2018.

Depending on the combination of announcements from the ECB, EUR/USD may find a new direction on the Forex.

The increase, an output of the triangle towards 1.1835 would view the 1.1880. A break above would reinforce the upward bias and then go on to look 1.1920.

Above, the increase of the short-term could continue in the direction of the 1.1980/1.20 during the next few sessions.

For the reduction, it will be necessary to get out of the triangle towards 1.1740 to strengthen the bearish view immediate, but it will break under the area of 1.1660 to revive the bearish correction in the short term and find the 1.1620 then 1.1580.

The pair EUR/USD is currently trading at 1.1807 on the Forex.

Chart EUR/USD H1

See also our charts EUR/USD in real time.

This chart has been realized with the trading platform TradingStation 2 provided by FXCM France.



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