EURUSD Breakout Underway Ahead of ECB Rate Decision

Quote of the day:“When you have faults, do not fear to abandon them.” – Confucius
EURUSD – 1.3868 @07:35 GMT
Good morning. The euro is orbiting around 1.3850 since yesterday afternoon, after recovering from intra-day lows at 1.3750. Upside is under pressure ahead of today’s ECB Interest Rate Decision and the press conference later today. Should the ECB maintain a hawkish tone, $1.40 will probably be the next objective. Other important events in the Forex Economic Calendar today are the US Initial Jobless Claims and Nonfarm Productivity at 13:30 GMT. I remain bullish on EUR for now and I think that the Read More

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