Thursday’s ECB policy decision

14 sept. 2023

According to ING, there will be a sharp Euro reaction to Thursday’s ECB policy decision, especially with markets split on whether rates will be increased again. looking forward to have the news released, we anticipated the market to have ranging trend until the time is out.
On A weekly chart, the market has failed to break the support level (1.06613) twice, thus looking forward to have bullish trend.

14 sept. 2023

Note

Moving to Lower time frame 4H, the market is in a consolidation state because of the awaiting ECB news. according to my strategy, no signal or clear entry level.

14 sept. 2023

Note

after the news, the EUR has lost it's value against the dollar. The market bis in bearish now.