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EURUSD attempts entry to 1.14 before ECB decision

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 22, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    After extending down to a near two-week low at 1.1305 on Monday, the EURUSD has steadily appreciated towards 1.14 before the European Central Bank (ECB) decision on Thursday. Although the EU economic sentiment remains bleak and the pressure on the ECB is intense to do more to reinvigorate the fortunes of the EU economy, the general consensus is that the central bank will not change monetary policy later on Thursday. The expectation that the ECB will not further QE quite yet is encouraging some

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