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EURUSD Forecast: Markets focused on ECB Monetary Policy Meeting

EURUSD Forecast: Markets focused on ECB Monetary Policy Meeting

EURUSD is trading in a narrow trading range.

ECB will announce its Interest Rate Decision and Monetary Policy Statement on Thursday.

We have a light economic calendar for EURUSD today.

We have sold the pair at 1.11450 and 1.11550 as it has completed the Bearish Alt Bat pattern.

1.11080, 1.10920 and 1.10750 are the intraday downside levels to watch.

The price must break 1.10750 in order to switch the near term bullish trend to bearish.

As we mentioned on the live interactive charts, a bullish white Swan pattern would be completed at 1.10350. This level is our near term target to book porits.

The traders who want to add short positions need to wait for the breakout of the trendline.

Live intraday chart has been updated and we will send entry alert if the price breaks the trend line.

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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money

EURUSD Forecast: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

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