EUR/USD, bears are preparing for the ECB!
Boring week on EUR/USD and it’s not a surprise if we know that the ECB and Mr.Draghi is coming with Interest Rates next week. The euro is finaly caught the air after 4 days on pressure and it bounced from the support at 1.0820/30, but a quite strong resistance is on the way up. At first, there is daily MA100 and trend line at 1.0935, after wich is coming very strong resistance at 1.0960/80. If the sellers are expecting furder move from the ECB, they could try to ‘refuel’ short positions higher before the meeting on Thursday March 10. There is also an NFP and the US unemployment rate for Ferbuary tomorow, which is also a very important data for the US dollar. It could become interesting soon, but I will wait for the ECB decision to trade here. How about you, what’s you’re view?