Ahead of the latest ECB rate decision with some calling for a cut, Michael Hewson of CMC Markets takes a look at some possible trading scenarios for the euro against the dollar and the pound.
- EUR/USD – bearish engulfing week following an uptrend which may call for a significant retracement; key support remains at $1.3440
- EUR/GBP – a downward move targeting £0.8360. Will UK Services PMI data at a 16 year high see a tightening of UK monetary policy?
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Video content by Michael Hewson of CMC Markets.
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