The EUR/USD pair had a slightly bullish day today, but the charts have printed a shooting star candle as the pair looks a bit overbought in this area. On a pullback, we should see 1.45 and 1.43 form considerable support for this pair. The ECB has a meeting/rate announcement tomorrow, and the market could wake up suddenly if the bank either tightens, or doesn’t get an indication that it will in the future. Currently, traders are expecting a rate hike in June, and anything that flies in the face of that could upset the markets.
Originally posted here
Read more about forex technical analysis, forex fundamental analysis and forex news on ForexMansion.com
About ForexMansion.com:
www.ForexMansion.com is a part of the Finance Mansion Network which operates global financial websites. Our goal is to provide our readers with the most accurate, quality and up-to-date technical analysis, fundamental analysis and news in order to assist them in making the right financial decisions.
The Finance Mansion Network includes www.FinanceMansion.com,www.ForexMansion.com, www.StocksMansion.com, www.CommoditiesMansion and many more.
