If you look at the daily chart, the price is staying above the 100 and 200 day MAs (bullish). It is above a trend line that cuts across at 87.88.* Stay above those levels is more bullish. If going higher, the 89.42 swing high from July will be a target above to surpass. The September high at 90.294 did break above the topside trend line and failed. So there was some apprehension at the higher levels. Be aware....
---------- Post added at 05:11 PM ---------- Previous post was at 04:59 PM ----------
The EURUSD spiked higher in the NY session on concerns about Trump tax plan, fell back down on talk of John Taylor as Fed chair, and the price sits nearer the low levels
---------- Post added at 05:13 PM ---------- Previous post was at 05:11 PM ----------
The EURUSD spiked higher in the NY session on concerns about Trump tax plan, fell back down on talk of John Taylor as Fed chair, and the price sits nearer the low levels.
Time ticks away and with it the ECB meeting looms.* Like the AUD CPI data today, much will rely on what is said/done.
---------- Post added at 05:23 PM ---------- Previous post was at 05:13 PM ----------
Here are some thoughts from the Wall Street analysts:
ECB previews:
Barclays expect President Draghi to announce a nine-month extension of the APP at a lower pace of EUR30bn per month
Morgan Stanley outlook for the ECB meeting this week and BoE next
UBS on what to expect from the ECB this week