ECB may hike by 25bps, may not be enough to trigger a clean EURUSD breakout above 1.11
This is via the folks at eFX.
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Comments from Citi:
- "EURUSD is modestly lower at 1.096 - the trajectory from here hinges on the upcoming large event risks. CitiFX Strategy say that while ECB may hike by 25bps, this may not be enough to trigger a clean EURUSD breakout above the 1.11 level (despite their structural bullish EUR case)," Citi notes.
- "Our colleague is watching a weekly close below 1.0909, which would then show a reversal the upside trend. Two overnight matters helped solidify a 25bps hike," Citi adds.
ECB is on Thursday:
- 1215 and 1245 GMT
- 0815 and 0845 US Eastern time
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Analytic Dave
AnalyticalDave is a personal financial analysis portfolio that captures my Derivatives trading, stock, and investing journey. My portfolio does NOT act as a financial advisor to any community. It is only purposed for journaling my story as a self-taught trader and investor.
