The ECB meeting this week on Thursday June 5 is highly anticipated, as it will be indicative of monetary policy going forward. I found this especially interesting in light of the technical pattern currently shaping up on the Euro. As the chart below illustrates, EURUSD is bouncing off its 200 EMA. Technically I would expect a bit of a rally from here -- one that could possibly be fueled by a news release that surprises the market's expectations.
What do you think?
What do you think?
by Simit Patel via InformedTrades
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