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Market View

Reviewing EUR pairs after ECB

Friday, March 10, 2017 4:54 AM GMT

As broadly expected, the ECB kept its interest rates unchanged at yesterday’s meeting where they are expected to remain for the near future or lower levels for extended period. Furthermore, the plan was confirmed to change to the original EUR 60bn monthly pace as of 1 April. Regarding core inflation, the projections were unexpectedly revised up from 1.4% to 1.5% in 2018 and from 1.7% to 1.8% in 2019. 

Yesterday we reviewed few basic EUR pairs and created a sort of trading plans following ECB’s news. Overall, the supply and demand zones proved reliable and traders could find a few solid trading opportunities. Today we are expecting NFP and we will repeat this with USD pairs in the upcoming post.

Let’s see what happened.


EURUSD

Before

After

EURGBP

Before

After

EURCHF

Before