the eur / usd pair is in a narrow range in the morning, while the ecb this afternoon.
in fact, the consolidation phase of the week continues, with a range of this morning’s event 15 pips above the 1.1250.
the traders are waiting for the meeting of the ecb this afternoon, which is more uncertain than we previously. in fact, the hawkish market expectations seem to have been somewhat moderated recently, which makes it more vulnerable to a eur / usd reacted more balanced in both directions, even if a very dovish could surprise.
in other words, the market’s expectations are still slightly hawkish, while eur / usd is near its recent peak.
it will therefore be necessary to monitor the speech of draghi and stay safe.
in the figure, the key is to 1.1280 resistance, above which the growth may resume in the direction of the 1.1300, 1.1330 and 1.1350.
the materials are 1.1250, 1.1230, 1.1200 and 1.1170 / 60.
the eur / usd pair 1.1258 is currently on the forex.
the eur / usd graph h1
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