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07.03.201910:02 Forex Analysis & Reviews: Burning Forecast 03/07/2019

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Today is the main event of the week for EURUSD - the ECB decision on monetary policy.

The ECB's decision will be released at 11.45 London time and the press conference of the ECB President Draghi at 12.30 London time

The market expects the ECB to (possibly) offer a new program to inject liquidity into the markets and economies of the eurozone (LTRO program) - as the ECB sees clear signs of slowing growth.

If the ECB does offer such a program to the market, this is a strong change in the situation for finance in the eurozone. This could be a big push and give rise to the euro trend.

We keep selling from 1.1315, our stop at 1.1360.

Selling is possible at a break below 1.1285 - and then sell at a break below 1.1230.

Alternative: buy at a breakthrough of 1.1425 up.

Exchange Rates 07.03.2019 analysis

Dean Leo
Analytical expert of InstaForex
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