КУПУЈТЕ гласине, продајте вести: Образац растућег троугла ЕУР/ЦХФ

Hey, hey, good morning fundamental analysts :-).

In a few hours, the European Central Bank will be publishing its monetary policy decision.

1 hour before and 1 hour after that, we may see a lot of volatility in EUR-related pairs.

The BIG question is, in which direction will price head for EUR pairs after the report is published?

That’s what everyone wants to know and which pairs to add to their watchlist.

Before that and more, let me remind you about our нови сервис сигнала за обе Форек и трговање са фиксним временом. Можете нам се придружити ovde ако сте заинтересовани.

EUR/CHF Daily Chart.

Visually, the EUR/CHF has constantly been making lower highs and in 3 instances, prices have been rejected at the resistance level formed along the trendline shown in the image above.

if you look at the SMA 200, acting as our first resistance level, you notice that it was broken yesterday by the unrelenting bulls who kept aiming at the next resistance level shown by the horizontal line.

For three days in a row, the EUR/CHF pair has closed higher gaining a total of over 500 pips from the previous consolidation level of 1.0300.

My BIG question for today is, will the release of the European Central Bank report stir up things?

And what increase or drop in points on the ECB interest decision should catalyze the pair? A few basic points? Comment with your forecasts.

If you are new to using the economic calendar, here’s a summary of what’s happening.

ECB Interest Rate Decision And How It May Affect Your Favorite EUR Pairs.

The European Central Bank (ECB) is the central bank responsible for the monetary policy of the European Union Member countries that have adopted the EURO currency.

Every six weeks the governing council of the ECB takes its monetary decision setting key interest rates for the euro area.

To Forex traders, this is an important economic event because it gives insights into the interest rate changes in the eurozone, inflation statuses, and balance between supply and demand among other key metrics that drive price.

Купите гласину. Продајте вести.

Rumor has it that today’s ECB interest decision may be the beginning of an era.

The decision that’s now 2 hours close may stir up things as it’s expected to tighten the nuts on eurozone monetary policies in response to the ultra-high inflation.

If I was trading Forex pairs with the EUR hours before the decision, I’d buy the rumor.

This is what you do in Forex if you are optimistic about good news from economic events.

But hey, facts are always better money makers than rumors. Why?

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1. What if the ECB interest decision is to elevate inflation but downgrades growth projections?
2. What if the decision fails to increase borrowing costs?

In conclusion, this could happen. Not this.

Whatever the decision, I’m very sorry to be the bearer of bad news, there is no way buyers get instant gratification from EUR pairs today.

I could be right, I could be wrong. My eyes are on the EUR/CHF though!