The ECB enhanced its commitment to keeping lower rates for longer. The ECB wants to see its own forecasts point to 2% annual inflation in the middle of its horizon – and holding above that level until the end of that period – before considering lifting borrowing costs. The bank's scope is three years, and its projections in recent years left estimates at below that level.
In our past analysis, we forecasted that EURUSD will start a bearish move that will make a new 4H low. Instead, the price ranged to whole week.
For this week, we are expecting the price to be slightly bullish until it reaches the orange trendline. After that, we are expecting the bear market to resume.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
In our past analysis, we forecasted that EURUSD will start a bearish move that will make a new 4H low. Instead, the price ranged to whole week.
For this week, we are expecting the price to be slightly bullish until it reaches the orange trendline. After that, we are expecting the bear market to resume.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
