EURAUD: EURO at The Mercy of the ECB! Both Moves Are Possible!

EURAUD: EURO at The Mercy of the ECB


If the ECB today is hawkish during the monetary policy statement, we could see the EURO rise more.

However, I do not expect this move from the ECB, given that they did not support
the EURO at all when it moved below the parity price zone.

Scenario_1
ECB Hawkish -> EUR, GBP, and CHF will all rise against all the other currency pairs


Scenario_2
ECB Dovish -> EUR, GBP, and CHF will all fall against all the other currency pairs.

Thank you and Good Luck!

Trade closed: target reached: